Iran Economy NewsDollars are scarce in Iran

Dollars are scarce in Iran

-

Iran Focus: Tehran, Oct. 13 – From the Grapevine… Large numbers of Iranians have started to take funds out of their banks accounts to convert into US dollars. Long lines at foreign exchange retailers have become a common sight in recent days.

Iran Focus

Tehran, Oct. 13 – From the Grapevine…

Large numbers of Iranians have started to take funds out of their banks accounts to convert into US dollars. Long lines at foreign exchange retailers have become a common sight in recent days.

The government has limited dollar purchases to $2,000 per person at 10,060 Rials for every dollar.

According to eyewitnesses, even at a remote foreign exchange shop in north-western Tehran, people waited since 9 in the morning local time, where they are asked to fill out forms and provide the required paperwork. However, foreign currency is not available until 14:00 local time and even then there are no guarantees that people in line would receive their desired amounts.

Buying and selling US dollars at foreign exchange retailers have been severely restricted.

Latest news

Snapback Sanctions, a Must Response to Iran’s Human Rights Abuse and JCPOA Violations

The protests in Iran have been going on for more than two months, even though the regime is cracking...

Growing Disintegration Among Iran Regime’s Forces

Iran has been shaken by a wave of nationwide protests since mid-September. The trigger was the death of the...

Grim Tidings for Iran’s Regime After Approval of UN Fact-Finding Mission

After many discussions and debates, the United Nations Human Rights Council has approved a fact-finding mission to investigate the...

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Must read

Don’t Believe Iran’s Lies of Moderation

Iran Focus London, 11 Feb - The pro-Iran lobby is becoming...

Iran Interior Minister is replaced

Iran Focus: Tehran, Iran, May 15 - Iran’s hard-line...

You might also likeRELATED
Recommended to you