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Press Release
Published April 10, 2018
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Iran's central bank sets euro limit for citizens foreign currency holdings outside banks

Date: April 10, 2018
Categories: countryupdates, Government Finance, Oprisk, Operational Risk Management, riskregulation, Risk and Regulation
Keywords: Central Bank of Iran

The Central Bank of Iran has set a 10,000-euro limit for citizens’ foreign currency holdings outside banks, state media reported.

Citizens have until the end of the month to sell any excess amount or deposit it in banks, the central bank said in a statement published by the Tasnim news agency.

Failure to comply would result in legal action against them, the central bank said.

Re-disseminated by The Asian Banker from Reuters