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International
Iran Caps Dollar Purchases Amid Intensifying Sanctions
✍️ Asianet Newsable
🗓 23 Oct 2026, 07:37 AM
👁 20
Iran’s central bank has imposed limits on the purchase of U.S. dollars as economic sanctions tighten, aiming to curb foreign exchange outflows and protect its reserves.
Iran’s central bank announced a new policy that restricts the amount of U.S. dollars the country can acquire, a move that comes as U.S. and allied sanctions grow more stringent. The directive is intended to limit foreign‑exchange outflows and preserve Iran’s limited reserves.
The restriction is part of a broader strategy to shield the Iranian economy from the ripple effects of sanctions. By curbing dollar purchases, Tehran hopes to reduce its reliance on the U.S. currency for international trade and lessen the pressure on its banking system.
Officials said the policy would encourage the use of alternative currencies and gold for foreign transactions. They also noted that the move would not affect domestic transactions, which continue to be conducted in the local rial.
The restriction is part of a broader strategy to shield the Iranian economy from the ripple effects of sanctions. By curbing dollar purchases, Tehran hopes to reduce its reliance on the U.S. currency for international trade and lessen the pressure on its banking system.
Officials said the policy would encourage the use of alternative currencies and gold for foreign transactions. They also noted that the move would not affect domestic transactions, which continue to be conducted in the local rial.