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Iran: Regulated Forex Market Discounts Fees

Iran: Regulated Forex Market Discounts Fees Iran: Regulated Forex Market Discounts Fees

The company overseeing the soon-to-be launched regulated foreign exchange market cut the membership fees for exchange bureaus from the previously announced 1 billion rials ($7,700) to 250 million rials.
According to the company’s CEO, Mahmoud Shekasteband, the decision was made following a Saturday meeting with the governor of the Central Bank of Iran, Abodolnaser Hemmati, to allow smaller money changers to participate in the new market.    
High membership fees was one of the concerns of money changers they talked about during a meeting on Wednesday to discuss the mechanism of the regulated forex market in the run-up to its inception. 

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