Exporters Complain: Central Bank of Iran Policies Hinder, Not Help

As the Central Bank of Iran struggles to stabilize the foreign exchange market – a colossal task that has long exacted energy and focus of the regulator – some argue that the CBI’s disproportionate focus on controlling the demand side of forex could ultimately do more harm than help.

Financial Tribune- Through import bans, limits on POS device transactions, priority allocation of currency to importers and the crackdown on black market traders, the bank has been able to keep forex rates relatively stable since November 4 when the latest round of unilateral US sanctions were announced.
CBI's apparent disregard for the supply side has led to a systemic decline in exports for two months.

Publish Date: Jan 19, 2019