Banking and insuranceEconomicalEconomicalBanking and insurance

The start of gold bullion trading from Wednesday


According to Iran Economist From the Iran Exchange Center, “Mohammedreza Farzin” announcing the new policies of the Central Bank in the field of gold and coins, stated: “The Central Bank is seeking to adjust the laws related to the import of gold in the country; We always tried to increase the country’s gold reserves. The recent measures increased the country’s currency and gold reserves. Our new decision is that from Wednesday, January 27, 1402, gold will be offered at the Iranian Gold and Currency Exchange Center.

Referring to his presence at the central bank’s banknote publishing and coin minting center, he said: A new coin is on the agenda of this center, which will be released to the market. The new coins are minted without date and in full spring of freedom with a new design.

The head of the Central Bank emphasized: From today, the supply of gold to the market will increase, and this increase in supply will be done through the minting of new coins and the supply of previous coins.

Emphasizing that the new coins of the Central Bank are different from the previously minted coins, Farzin stated: We have the ability to mint 20,000 coins daily. For now, we start all the work by striking a coin.

Emphasizing that Iran’s exchange center is also a platform for gold exchange, and the central bank’s plan is to strengthen this center, he said: “For now, we plan to supply bullion in Iran’s exchange center; The regulations of this work have been finalized in recent days, if we want to offer coins, we will decide in the future.

Leave a Reply

Back to top button