CBI Okays Forex Derivatives Bourse
Economy, Business And Markets

CBI Okays Forex Derivatives Bourse

The Central Bank of Iran has approved the launch of a foreign exchange derivatives market, the bank’s deputy for foreign exchange affairs said on Wednesday.
“CBI has readied a plan for creating a foreign exchange derivatives market under the supervision of the Security and Exchange Organization,” IRNA quoted Gholamali Kamyab as saying.
He noted that Iran would keep honoring its currency swap agreements with Russia, Turkey and Iraq.
“Iran and Russia have signed currency swap agreements and the two sides will soon implement the agreement without hassles.”
The official said that the CBI has received enquires for banking relations from major European and Asian banks and some have asked to open branches in Iran.
He also referred to the detention of street currency dealers in recent days and said, “This is in line with CBI oversight over the forex market.”
The regulator will act against illegal forex trades either in cyberspace or on the streets, warned.

Short URL : http://goo.gl/a5ZEWG
  • http://goo.gl/gtjlYM
  • http://goo.gl/XrL7Fw
  • http://goo.gl/Q7Wp26
  • http://goo.gl/I9vxYp

You can also read ...

iPhone 8 Arrives in Tehran
Apple’s new handsets iPhone 8 and 8 Plus arrived in Tehran on...
 President Hassan Rouhani (L) meets Russian President Vladimir Putin at 2015 BRICS summit in Russia.
The member states of BRICS, the association of five major...
BPI to Fund French Projects in Iran
Bpifrance, the country’s state investment bank, will finance...
Montreal Hosts Iran-Canada Business Confab
The first conference between Iranian and Canadian businessmen...
4,200 State Accounts Moved to Central Bank of Iran
Some 4,200 state-owned companies’ bank accounts have been...
Iran to Join Postal SWIFT in December
Iran will be connected to the financial services system of the...
Steel Exporters Welcome Rial Depreciation
It’s a fairly straightforward scenario. Weakening a domestic...
HRC accounted for the lion’s share of finished steel usage in Iran during the five-month period.
Iran’s semi-finished steel exports during the first five...