14143
Call for New Strategy in  Currency Management
Economy, Business And Markets

Call for New Strategy in Currency Management

Management of the currency market should be changed if the government wants to make efficient use of forex inflows, Yahya Ale Es’haq, head of the Tehran Chamber of Commerce, said on Wednesday.
With huge amount of foreign currency pouring into the Iranian market if a final nuclear deal is reached between Iran and world powers, the banking system needs a new management strategy over the currency market or will suffer serious damages, economic news website Eranico quoted the official as saying.  The private sector has already started negotiations with foreign partners, who seem eager to enter the Iranian market as soon as sanctions against Iran are lifted.
Ale Es’haq predicted if the deal is finalized by the June 30 deadline, huge volume of foreign currency are expected to be transferred into Iran’s financial system.  He said private players, and not the government, must help run the economy applying the most effective methods to manage the currency and monetary sources. He also urged the policymaker to improve foreign direct investment (FDI) regulations.
Additionally, the managers should be trained to be able to sign lucrative contracts with foreign parties, he concluded. 

Short URL : http://goo.gl/0ZYb2n

You can also read ...

WTO Accession No More a Priority for Iran
Joining World Trade Organization is no longer a priority for...
Rouhani Sends Banking Reform Bills to Parliament
Following an approval by the Cabinet and a presidential...
One factor causing a drop in Chinese steel in Iran is their rising prices.
Chinese steel was everywhere in the world for the good part of...
Bill on Construction Quality Inevitable
In order to curb the construction of substandard buildings,...
Peugeot’s 301 model is on sale in Turkey for more than three years.
Iran Khodro dealers confirm that the new Peugeot 301 sedan is...
TSE’s Average P/E at 5.6
The average price to earnings ratio of Tehran Stock Exchange-...
Iran’s per capita egg consumption stands at 198.
Hit hard by the H5N8 bird flu virus last year, the Iranian...
Proposed Economy Minister Pledges Overhaul
Economy minister-designate, Masoud Karbasian, elaborated his...

Trending

Googleplus