$10,000 quota with national card; From which banks and how to buy currency?

With the notification of the Central Bank's new circular, the supply of the annual currency quota up to 10 thousand dollars for each national code has started. Based on this mechanism, applicants over 18 years of age can receive their currency quota from the selected branches of 5 national banks, Mellat, Tejarat, Saderat and Saman by presenting their national card and identity documents.

According to ambassador Arjan; Dollar sales with a limit of 10,000 dollars for each national code over 18 years old started on the morning of Saturday, October 11, in five selected banks; The initial supply price is 259 thousand tomans.

According to the new currency program of the Central Bank, Mellat, National, Tejarat, Saderat and Saman banks will supply the currency needed by the applicants within the framework of the new quota from today. In this way, anyone over 18 years old can purchase up to 10 thousand dollars with their national code. With a national card and sufficient cash in the bank account he refers to, Mutafadi can buy up to ten thousand dollars at a rate close to the open market and pick it up from the bank branch.

The implementation of this plan has started in the circumstances that the Central Bank has announced its plan to increase the supply of currency and manage market fluctuations in the past few days. In this framework, the central bank's currency supply and intervention program has been proposed up to 2 billion dollars in order to respond to part of the demand in the market through the official channel.

Loan payment advertising and its purchase and sale were banned. Dollar price today, Thursday, October 9/time limit for Tether transactions

In its statement on October 10, the Central Bank also announced that the current level of the exchange rate is not fully consistent with the fundamental variables of the economy, and part of the created gap was formed under the influence of intensification of uncertainty, psychological pressures and market expectations.

This bank has emphasized that its goal is not to defend a specific rate or number, but rather to maintain monetary and currency stability and prevent fluctuations that have no fundamental support.

In this regard, the central bank has stated buying and selling of currency and gold and intervention in the market among its legal tools to manage fluctuations. The bank also announced that the time, volume and method of using intervention tools will be determined based on market conditions, economic needs and the adequacy of reserves.

Now, with the sale of 10,000 dollars in five banks, the new currency policy has entered the implementation stage. The initial rate of 259 thousand tomans has been set for the supply, while increasing the access of applicants to foreign currency and managing demand is considered one of the main axes of this program.

In its statement, the central bank also emphasized that if necessary, it will use legal tools to return the market to a path more compatible with economic realities and prevent the formation of non-fundamental trends.

Now the foreign exchange market is waiting for the acceptance of the sale of 10,000 dollars with the national card, as well as the effect of the arrival of new sources of currency on transactions and the price of the dollar; Especially since the implementation of the supply program up to 2 billion dollars can cover a significant amount of market demand. Source: Sefir Arjan