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Majlis Tentatively Backs Gov’t Forex Measures

Majlis Tentatively Backs Gov’t Forex Measures Majlis Tentatively Backs Gov’t Forex Measures

The Majlis Economic Commission said on Tuesday that it fundamentally agrees with the government's recent measures to control the foreign exchange market, although some of the executive decisions should be reconsidered. 
"The government's measures for organizing the foreign exchange market are approved as a whole because the market has not been left to its own devices, but some executive decisions should be reconsidered," Mohammad Reza Pour-Ebrahimi, the commission's chairman, was quoted as saying by ICANA during his meeting with Economy Minister Masoud Karbasian. 
The government announced late Monday that it would enforce a single exchange rate to the dollar, banning all unregulated trading after the rial hit an all-time low.

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