Business And Markets

$700m Traded at Negotiated Rates

$700m Traded at Negotiated Rates
$700m Traded at Negotiated Rates

Forex trade at negotiated rates amounted to $700 million since June when the Central Bank of Iran allowed moneychangers to purchase currency from exporters at “agreed prices”.
Mehdi Hadinejad, head of trade department at Iran Currency Market (known as the regulated market) said, "€40 million was also traded in the last three months," IBENA reported. 
In June the CBI allowed moneychangers to buy currency from exporters and retail and institutional currency holders at negotiated rates. 


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