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Opening of Regulated Forex Market Postponed, Again

Opening of Regulated Forex Market Postponed, Again Opening of Regulated Forex Market Postponed, Again

The Central Bank of Iran on Monday again postponed the opening of the long-awaited regulated foreign exchange market. 
CBI Governor Abdolnasser Hemmati had said earlier that the market would start work on the eve of the annual Muslim feast of Eid al-Adha (August 12).
But the regulator has decided to put off the date one more time apparently due to technical issues, Fars News Agency reported Monday.
The delay is said to be related to the CBI’s obligations vis-à-vis the company in charge of the new market and the minimum number of banks and exchange bureaus required to open the market. 

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