Economy, Business And Markets
0

Iran Plans New Forex System

Although businesses may not agree with the way the exchange rates are being unified, they do welcome the fact that it has finally happened
The special government meeting for the forex market was held on March 15 with senior Cabinet members in attendance.The special government meeting for the forex market was held on March 15 with senior Cabinet members in attendance.

First Vice President Es'haq Jahangiri said on Sunday the government intends to establish a "new foreign exchange system" that will be in the country's national interests. 
Jahangiri added that task groups in related entities such as the Central Bank of Iran and the Ministry of Industries, Trade and Mining have been formed to consider all proposals concerning the foreign exchange market. 
He made the statements during a special government meeting for the forex market, which was also attended by Economy Minister Masoud Karbasian, Industries Minister Mohammad Shariatmadari and CBI Governor Valiollah Seif, Fars News Agency reported. 
Seif said at the meeting that the new forex system is being established and CBI would seek the advice of others to organize the forex market and instill transparency into the country's forex operations.   

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com