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Iran eases currency rules to fund imports using crypto

The change allows exporters to fund imports with overseas earnings without first converting foreign currency at official rates, aimed at working around US sanctions.

Reported · Written up by our desk · Regulation

Iran has reportedly loosened currency rules that may make it easier for importers to use crypto to help pay for overseas goods while navigating US sanctions, according to Cointelegraph.

Cointelegraph cites a Financial Times report saying exporters can now fund imports using overseas earnings without first selling their foreign currency at official rates.

The update centers on how foreign-currency proceeds are handled, which could reduce friction for cross-border payments as sanctions pressures remain in place.

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