Overdue export foreign-currency commitments above 3 million euros to be referred to prosecutors
Aug 3, 2026
Under clause 1 of the resolution of the 12th session of the Judiciary's special task force on effectively combating economic corruption in the foreign-currency field, the head of the General Inspection Organization, the Central Bank of Iran and operating banks are required, as soon as the deadline for fulfilling export foreign-currency commitments expires, to file complaints with the public and revolutionary prosecutor's office for cases above 3 million euros, and to refer cases below that amount to the Government Discretionary Punishment Organization (Tazirat).
Under clause 3 of the resolution of the task force's 13th session, managers in the banking network who fail to take legal action to collect allocated foreign currency are to be referred to the banks' disciplinary board.
The provisions were communicated to the banking network in a circular dated 10 Mordad 1405 (1 August 2026) by the deputy for legal and parliamentary affairs. The stated legal basis includes Article 10 of the Government Discretionary Punishment Law and Note 7 of Article 2 bis of the Law on Combating Goods and Currency Smuggling.
Source
Eghtesad Online
Related news
Free Market Dollar Accelerates After News of Kharg Tanker Attack, Reaches 227,000 Tomans
According to Donya-e-Eqtesad, citing EqtesadNews, the US dollar on Iran's free market kept climbing on Saturday, September 5, 2026 (14 Shahrivar 1405), reaching 227,130 tomans at 3:53pm Tehran time. Per the outlet's successive reports, the dollar stood at 223,240 tomans at 11:29am, rose to 224,490 tomans by 12:37pm, and reached 226,110 tomans by 2:14pm, meaning it added nearly 4,000 tomans, about 1.7 percent, in under five hours. The acceleration came almost simultaneously with news, published around 12:29pm, that an Iranian tanker had been struck by the US military near Kharg Island. Sahmino's own live price data showed the dollar at 225,770 tomans at 4:04pm, up 2.13 percent from the prior day, consistent with the reported upward trend. The dollar has now risen more than 6,000 tomans, about 2.8 percent, from Thursday's last recorded rate of 221,000 tomans.
Donya-e-Eqtesad, citing EqtesadNews · Sep 5, 2026
Philippine Peso Hits Record Low Amid Fallout From the Iran War
According to Al Jazeera, the Philippine peso hit an all time low of 62.71 to the US dollar on Friday, September 4, 2026 (13 Shahrivar 1405). Per the report, the currency has lost about 6 percent of its value against the dollar since the start of the calendar year, after earlier hitting a record low of 61.847 on July 24. Al Jazeera attributed the peso's decline to a mix of domestic and international factors: before the war, the Philippines imported nearly all its oil from the Persian Gulf, and in March, Manila declared a state of national emergency after Iran's closure of the Strait of Hormuz disrupted its oil supply. Rising global oil prices have forced Philippine importers to convert more pesos into dollars to buy dollar priced crude. Philip McNicholas, Asia sovereign strategist at Robeco Singapore, said the country's twin fiscal and trade deficits, combined with elevated inflation, have left the currency vulnerable to swings in global risk sentiment.
Al Jazeera · Sep 5, 2026
Free Market Dollar Crosses 223,000 Tomans
According to Donya-e-Eqtesad, citing EqtesadNews, the US dollar on Iran's free market rose on Saturday, September 5, 2026 (14 Shahrivar 1405), reaching 223,240 tomans, a notable increase from Thursday's last recorded rate of 221,000 tomans. Sahmino's own live price data showed the dollar at 223,820 tomans as of 11:29am Tehran time, consistent with the reported figure and up about 1.25 percent from the prior day. Market analysts have linked the dollar's latest jump mainly to escalating Iran-US military tension and a fresh New York Times assessment that Iran is unlikely to accept Washington's terms before US midterm elections.
Donya-e-Eqtesad, citing EqtesadNews · Sep 5, 2026
US Sanctions Turkey's Golden Global Bank Over Alleged Transfer of Iranian Oil Revenue to Quds Force
The US Treasury sanctioned Istanbul based Golden Global Bank on Friday, 13 Shahrivar 1405 (September 4, 2026), according to Khabaronline and Donya e Eqtesad, both citing the New York Post. The Treasury alleged the bank and its subsidiaries moved tens of millions of dollars tied to Iranian oil sales to China, funneling the proceeds to the Islamic Revolutionary Guard Corps Quds Force through an exchange network known as Rahbar. Per the report, Golden Global Bank, founded in 2019 and describing itself as Turkey's first interest free investment bank, is the country's 35th largest bank with about 517 million dollars in assets. John Hurley, the Treasury's acting under secretary for terrorism and financial intelligence, said the institution had received repeated prior warnings. Treasury Secretary Scott Bessent said the effort will continue until the international community stops supporting Iran. The Treasury said this marks its first direct sanction of a Turkish bank and has cut the bank's access to the international financial system.
Khabaronline, citing New York Post · Sep 4, 2026