Fars news agency reported a new Iranian rule caps dollar purchases at $1,000 a day and $10,000 in total, limiting how much buyers can obtain through banks and exchange offices.
Fars said customers seeking $100 to $1,000 can apply with a bank card and national ID. An Asian News International report carried by NDTV said some bank branches and exchange offices offer dollar notes at the official rate, with applications submitted through designated systems.
Separately, the U.S. Department of the Treasury said last week it sanctioned 16 individuals and 10 entities under Operation Economic Outcast. The department accused an Iraqi bank of helping Iran access international finance and supporting Iranian-backed militia groups.
Treasury said the measures aimed to disrupt Iran's shadow-banking operations and financial routes used to fund its military and regional proxy groups. It also said offshore banks and shadow financiers in the Middle East and Asia used shell companies and foreign-exchange specialists to move hundreds of millions of dollars, which the department said supported Iran's military and proxy forces.
