Iran central bank opens four accounts for Hormuz toll revenues, MP says
The Central Bank of Iran has opened four accounts in rials, yuan, US dollars, and euros to receive toll payments collected by the Revolutionary Guard's Navy, a senior lawmaker said on Monday.
Parliament will move to make the toll system binding law at its first session by approving a bill titled “Hormuz Strait Security Plan,” providing “a sustainable source of revenue for the country,” Alaeddin Boroujerdi said.
"We hope that with the final approval of digital currency infrastructure and requiring countries to pay tolls in rials, we will see an unprecedented strengthening of the national currency in international transactions," he added.
