Two foreign investors have recently imported standard gold bullion worth around $4 million into Iran, marking the first such transaction conducted through the country’s Foreign Exchange and Gold Center, ISNA reported.According to the report, the first batch of imported gold bars was offered for sale on the Exchange Center’s platform, a move experts describe as a sign of renewed foreign investment in Iran’s precious metals sector and a shift in the country’s foreign exchange policy toward using new channels for gold supply.The Exchange Center announced that an additional 700 kilograms of standard gold bullion will soon be imported by new foreign investors and sold through the same platform.Officials said the sale of imported gold follows a recent government decision allowing foreign investors to bring standard gold bullion into the country and trade it through the official exchange mechanism — part of broader efforts to attract external capital and diversify sources of gold supply.Tasnim news agency said in a Sunday report that the Central Bank of Iran (CBI) had decided to restrict gold imports “to manage the foreign currency market and control the smuggling of gold from the country.”It cited a statement from head of Iran’s Trade Promotion Organization (TPO), Mohammad Ali Dehghan, which showed that Iranian exporters could no longer be able to import gold to pay their hard currency liabilities to the CBI.Iran cut its tariffs on gold imports to zero in November 2022 to boost its gold reserves and to facilitate the return of funds held in other countries because of US sanctions. (ICE TEHERAN)

Fonte notizia: IRAN DAILY