'Iran to open registration for first foreign-currency investment fund'

 

Registration for Iran’s first foreign-currency investment fund will begin next week, the Central Bank chief said on Wednesday.

The announcement comes as Iran’s currency remains under heavy pressure, with the US dollar trading at about 2.28 million rials on the open market.

Investors will be able to deposit foreign currency without converting it into rials and receive their investment’s value in foreign currency upon withdrawal, Abdolnaser Hemmati said.

The fund is intended to finance projects that generate foreign-currency revenue, he added.

https://www.iranintl.com/en/202609092153