The Central Bank of Iran announced it is prepared to inject $500 million in foreign exchange into the national banking system as a new phase of its foreign exchange policy begins. Trading data shows that demand in the market is lower than expected. Since the supply of foreign currency to the banking system began on Tuesday, only $20 million in foreign currency had been purchased by Thursday. The Central Bank of Iran currently retains the capacity to fund all demand orders within the banking system (including bank branches and their exchange bureaus), with a maximum supply of $500 million, and this arrangement will continue.
