Iran’s Central Bank is allowing licensed exchange offices to resume buying and selling foreign currency, days after traders protested over the worsening economic situation and the country’s currency dropped to its lowest value ever, state-run media reported Thursday.

Since 2018, when Iran announced a ban on all trading by individuals at private exchanges, these bureaus could only work with government-approved importers or exporters.

Experts believe the directive may help reduce the 15% gap between the government-set rate and the real exchange rate on the market.


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