Problems relating to Trade and Investment on Iran

13. Finance
Issue	Issue details	Requests	Reference

(1) Restricted Cash Withdrawal from Foreign Currency Deposit

- At foreign exchange account of Iranian commercial banks, cash withdrawal in foreign exchange is restricted. Probably impacted by the aftermath of the prolonged economic sanctions which resulted in foreign currency shortage, the withdrawal limit has dwindled so that it has reached the point where withdrawal is no longer possible. While the trend of cheaper Iranian currency continues, demand for foreign currency is on the rise, as exemplified in payment in foreign currency, now necessary for fixed assets rental fees. Its negative impact on office operation has been looming large. As of January 2015 withdrawal in foreign currency (USD and EURO) has improved somewhat. Continued withdrawal, albeit small in amounts, is getting possible.

- It is requested that GOI removes the restrictions on the foreign currency withdrawal.

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