The Central Bank of Iran (CBI) has imposed a cap on withdrawal of cash from banks amid toughening of rules on money laundering and also efforts to contain inflation.
Data published by the Iranian government’s statistics department shows inflation has nudged down by 1.6 percent in the month ending on February 19, 2019.
Iran has started implementation of open market operation (OMO) policies in its banking system as it seeks control over the capital flow in the country.
The Central Bank of Iran (CBI) says the country’s inflation rate has dropped to 9.7 percent.