Iran's CB Looking for Ways to Evade Sanctions

Governor of the Central Bank of Iran has outlined six monetary and banking plans to help fend off the new US economic sanctions.

Financial Tribune- Abdolnasser Hemmati in an Instagram post Friday said the CBI is stepping up efforts to control currency rate volatility and curb the galloping inflation.
Hemmati spoke of a relatively less-publicized plan -- setting up a bartering system to facilitate trade with Iranian partners overseas.
Bartering goods can and should help when almost all foreign monetary channels are closed due to the US banking restrictions, he said.

Publish Date: May 4, 2019