NO. 2


Financial and Banking News

Budgets and Revenues

Iran Takes Steps To Regulate Foreign Exchange Trading

Flexing his economic muscles, the newly-appointed Governor of the CentralBank of Iran, Mr. Mohsen Nourbakhsh has launched a campaign to crack down onillegal foreign exchange dealers and centers. In regulations issued on 1October, and quoted by IRNA, the Central Bank banned any foreign exchangetransactions with dealers outside the banking system except for those...