Masoud Nili said the forex rate system would remain two-tier as long as the sanctions are in place.
A Press TV report quoted the governor of Central Bank of Iran (CBI) as saying that there is no plan to unify the country’s multi-tier foreign exchange system.
Iran’s national currency started depreciating sharply three years ago.
The rial is currently traded at two rates with one being decided by CBI and the other one set by money changers.
The rate set by money changers fluctuates even during the day.
On Wednesday, the US dollar traded for IRR 28,258 at official rate and for IRR 33,000 on open market.
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