CBI issues new regulations to curb foreign currency smuggling

The new Central Bank of Iraq (CBI) measures come as the US has increasingly sanctioned Iraqi banks over allegations of currency smuggling and other means of bypassing economic measures imposed on Iran.

News

Iran’s top supervisory body endorses plan to remove four zeros from currency

“The Supreme Supervisory Board of the Expediency Discernment Council... did not consider the removal of four zeros from the national currency to be contrary to general policies," Iranian state media reported.

News

Iran approves to remove four zeros from currency

“The Central Bank has 2 years to prepare the ground for implementing this, and after that, there will be a 3-year transition period during which the current and new currencies will be used simultaneously,” the outlet further noted.

News