Economy, Business And Markets

Iran Private Sector Calls for Changing Forex Policy

Calls for Changing Forex PolicyCalls for Changing Forex Policy

As Iran is dealing with the ramifications of the government's policy announced on April 9 to unify the country's dual foreign exchange rates, the private sector has called on President Hassan Rouhani's administration to make a series of changes to its policy, especially by creating a secondary foreign exchange market.
"If the government allows the formation of a secondary foreign exchange market with the aim of providing currency for other needs [besides imports, travelers and students], foreign exchange rates will also decline," Masoud Khansari, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, was quoted as saying by TCCIM's official website.
He was speaking on Saturday at the latest dialogue council of Tehran's private sector players and identified several deficiencies in the government's currency policy.


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