🔻Iran’s Central Bank announced that it will put $2 billion in banknotes on the market.

According to a statement by the Central Bank, “the foreign currency sales process has started from today, and in the first phase, an amount of $1 billion will be offered through selected bank branches and banking exchange houses across the country.”

In addition, the ceiling for buying dollars has been doubled: “All compatriots over 18 years old can, by presenting their national ID card, take action to meet their foreign-currency needs up to a limit of $10,000.”

No further details have been announced, and it is unclear at what price the dollar will be sold to applicants.

The foreign exchange market has seen a significant jump in recent days, and yesterday the U.S. dollar crossed the threshold of 250,000 tomans.

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