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Tehran Chamber of Commerce Pushing for End to Forex Subsidy Policy

Tehran Chamber of Commerce Pushing for End to Forex Subsidy Policy  Tehran Chamber of Commerce Pushing for End to Forex Subsidy Policy

The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has again urged the government to scrap the controversial subsidized currency policy and focus on creating the long-delayed single forex rate mechanism. 
“Those in charge of forex policy should do more to put an end to multiple currency rates and let market mechanisms prevail,” Masoud Khansari told Mehr News Agency. 
The economy will indeed benefit if the gap between the foreign exchange rate on Nima (Integrated Forex Deals Systems) and open market is eliminated or diminished, he added.  

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