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Majlis Insisting on Selling Cars via IME

Majlis Insisting on Selling Cars via IME
Majlis Insisting on Selling Cars via IME

The Majlis is insisting on opening the Iran Mercantile Exchange to car sales, a spokesman for the parliament’s Industries and Mines Commission said.
Hojjatollah Firouzi said offering autos in the bourse will pave the way for realizing the long-awaited demand for ending the mandatory pricing for cars by the government.  
“The Majlis essentially opposes setting price ceilings. Offering cars via the IME will [help] balance supply and demand and let the market set prices,” he was quoted as saying by the Securities and Exchange News Agency.
The commission has drafted a bill “Disciplining the Auto Industry” to offer vehicles at the bourse. The move has met with skepticism from many quarters for being impractical.

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