Iran Press/Iran:The meeting of the supreme council for economic coordination, attended by the heads of the three branches of the Iranian government, was held on Tuesday, and it was decided that the Central Bank of Iran (CBI) should immediately provide the necessary finances, and credit for buying and selling of foreign currencies obtained through export of petrochemicals, steel and other exports on the secondary currency market.
Following some masseurs taken by government 3 days ago, the downhill for US$ went on Tuesday and the owners of the greenback rushed to sell their hard currency in the markets.
It was also decided to authorize the Central Bank of Iran (CBI) to issue foreign exchange bonds, allowing the Bank to issue these bonds for the first time.
The supreme council also decided to allow the CBI to carry out certain operations relating to fiscal policy, within the open market, for example to buy or sell bonds issued by the Iranian government.
In relation to attracting foreign investors and hard currency into the country, the supreme council for economic coordination decided to grant five-year-residence permits to any foreign national who brings $ 250000 or more into the country for investment purposes.
