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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