Lack of Swift access has crippled efforts by Iranian banks and their customers to send or receive funds overseas.
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Iran plans to unify the rial's exchange rates with the dollar after the nuclear accord signed with world powers is implemented, according to the country's central bank Governor Valiollah Seif.Iran has both an official exchange rate to the dollar and another rate that is used in unregulated markets.Iran's economy will expand less than 3 percent this year, with growth rising to 5 percent in the Iranian year starting March 2016 boosted by oil sales, industrial output and tourism, he said.Rouhani has said Iran needs $150 billion in investment to achieve the 8 percent economic expansion that can lower the country's chronic youth unemployment.
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