IBENA- Citing public relations of Central Bank, according to resolution of Money and Credit Council dated 11th of Bahman of 1401, Iranian Exchange Center of Currency and Gold has started its official activity in the field of currency transactions (banknotes and remittances) is beginning.
Iranian Exchange Center of Currency & Gold will have several trading and supply of currency & Gold halls, where in first step, Iranian exchange center and remittance hall will open and begin operating.
Macro goals of Iran Exchange Center of Currency and Gold
Making price authority, increasing volume of official transactions, and ease of access of applicants to foreign exchange and gold market are the most important goals of Iran's exchange center of currency and gold. The center, in line with its activity, will also pursue tools and institutionalization in currency and gold markets, and maximum optimization of infrastructure of information technology.
Currency remittance hall
The necessary foreign exchange resources are provided to importers from export of petrochemical, copper, mines, steel, oil refining, bitumen and other exporters at Iranian Exchange Hall of Currency and Gold for sale.
Also, supply of currency for import of medicines, medical supplies and basic goods will continue at rate of 1,800 USD on Nima system.
Service currency hall
Trough launch of Iran's exchange center of currency and gold, while revising, in order to respond to all needs of real foreign exchange on one hand and replacing posterior monitoring methods instead of prior monitoring on the other hand, the relevant headings with approach of facilitating the development regulations they found.
Among the most important revised service currency headings in the regulations, we can refer to the headings of medical currency, student currency, mission currency, travel currency, currency of domestic airlines, currency of land and sea transit companies, and others.
Process of providing currency in service exchange hall
Applicants for service currency can receive their real currency needs in form of currency notes or remittances by referring to Iran's exchange center of currency and gold as follows:
The applicant must refer to relevant website and register his actual need for foreign currency and also upload documents related to each heading in the system designed for review of relevant executive body.
The relevant documents will be considered and reviewed by relevant executive body and applicant will be referred to National Bank of Iran; After confirming the payment, applicants go to selected branches of National Bank of Iran to receive currency of approved banknote or remittance, and they will be informed accordingly.
Method of discovery the rate
The exchange rate of foreign currency transactions in Iran's exchange center of currency and Gold in two cash and remittance halls is based on country's foreign currency resources and expenses and based on discovery of basic economic variables and basis transactions.
Future plans
The development of forums based on various foreign exchange needs, development of trading tools based on currency and gold, including advances and swaps, authority of rate as reference rate of country's currency and gold, and development of regional and international connections with regional and global financial and currency markets are the most important programs is Iran's exchange center of currency and gold.
