An Agreement with Saudi Arabia Has Enabled Iranian Central Bank to Make Positive Moves in Forex Market

The Central Bank of Iran released a statement today, Sunday 19, saying that the deal with Saudi Arabia has achieved a good opening in the field of foreign exchange.

The statement added that the intense negotiations of the team of the Central Bank with Saudi Arabia and the cooperation of the diplomatic apparatus with the team economic of the government have led to positive results in communication between banks and have achieved tangible results.

He stressed that these achievements will complement the Central Bank’s foreign exchange policies, creating new financial channels and establishing credit and investment lines for Arab countries, which will create clear prospects for managing the foreign exchange market in the near future.