The decision about oil trusts/central bank closed the way to empty the trusts

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According to Khabaronline news agency, the central bank announced on Tuesday that the high board of this bank has approved the new rules for issuing bank letters of commitment for oil sales agents (trustees).

Fars wrote: These rules are supposed to be communicated to the banking network and other authorities related to this matter.

In the past years, the empty reading of some trusts caused a part of the currency from oil export not to return to the country.

In this method, the transfer of money was shown in verified documents and bank accounts, but when the currency was used, it was found that basically no transfer was done. This issue fueled the lack of foreign exchange resources in the winter of last year and became the basis for the events of January.

According to the new mechanism that has been approved, each trust must first transfer a part of the desired amount and its transfer must be approved by the Central Bank. After making sure that the transaction is actually done, permission to transfer higher amounts will be issued.

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