Rouhani said in a speech on the occasion of World Labor Day that the main objective of the Americans from the unjust embargo on Iran is to reduce revenues from hard currency
, where the sale of oil and condensate gas and some industries associated with oil and gas are the most important sources of revenue in the country.
The Central Bank of Iran (CBI) issued the instructions on return details of the hard currency
earned by exporters back to the domestic financial system, Iranian media reported.
Yasar has a high proportion of hard currency
debt (55% at end-June 2018) and of hard currency-linked costs, which we estimate at around 30%.
Venezuela's hard currency
holdings have dwindled as existing U.S.
Summary: Khartoum [Sudan], Sep 10 (ANI): Sudan President Omar al-Bashir has dissolved the country's government in an aim to fix the crisis-hit economy that has been complemented with shortages of bread, fuel, and hard currency
in recent months.
A severe shortage of hard currency
in the formal banking system has led to a booming black market for dollars where the hard currency
currently trades for a roughly 40 percent premium.
Gold production is now Sudan's main source of hard currency
after the secession of South Sudan where are the two third of its oil reserves before 2011.
The household sector, according to the CBE, accounted for 79% of total deposits by the end of December 2017, while it denominated 82.6% of total local currency deposits and 67.9% of hard currency
The central bank, meanwhile, said it would provide hard currency
for legal, trade and production needs.
He said the law also stipulates banning any dealing in Sudanese national currency outside the country, except to the extent allowed by the regulations and bans dealing in hard currency
for parties other than those certified to deal in hard currency
such as the banks and other institutions specified by the Central Bank, the Bank of the Sudan.
The Quantum Network, a principal component of the comprehensive value hub Seven Stars Cloud is assembling, will be based on technologies such as distributed networks and blockchain, and will provide a fast, efficient and low-cost financial expressway for the management, settlement and clearance of digital asset based currencies as well as hard currency
based banking settlement.
They said that with Bitcoin continuing to rise, the cash-strapped regime is highly expected to step up its efforts to hack exchanges of digital currencies in a desperate bid to evade sanctions and eventually earn hard currency