IRAN: Foreign investors can soon legally import gold bullion into Iran but can sell the asset only through official exchanges – including the Iran Mercantile Exchange or the Currency and Gold Exchange Center. The decree issued on the 28th September by the Office of the First Vice-President stated that foreign investors can repatriate both their principal and profit – even as bullion – after one year. The Ministries of Economic Affairs and Industry as well as the central bank are tasked with preparing relevant executive by-laws within one month.
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