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Senior MP Supports Regulated Forex Market

Senior MP Supports Regulated Forex Market  Senior MP Supports Regulated Forex Market

The regulated foreign exchange market can and should help in stabilizing foreign exchange rates and in the process eliminate rent-seeking and corruption because trade will be conducted in an open and transparent environment.  
Head of the Majlis Economic Commission Mohammadreza Pourebrahimi says the market can also be an attractive venue for exporters to repatriate their foreign currency. 
He blamed the lower forex rates offered on Nima (Integrated Forex Deals System) on exporters’ reluctance to repatriate their earnings in the last fiscal (March 2018-19).
Resorting to several bylaws, [the Central Bank of Iran] tried (but was unable) to persuade exporters to return their currency earnings to the country, IRNA quoted him as saying. 

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