Economy, Business And Markets
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Iran Gov’t Mulling Creation of Forex Open Market

The government has agreed with a private sector proposal to establish a secondary foreign exchange market where the rates are agreed upon through a supply-demand mechanism, according to the president of the Iran Chamber of Commerce
Gov’t Mulling Creation of Forex Open Market Gov’t Mulling Creation of Forex Open Market

The government has agreed to consider a business community proposal to recognize a "secondary" foreign exchange market where rates are determined by supply-demand mechanism. 
According to Gholamhossein Shafei, president of Iran Chamber of Commerce, Industries, Mines and Agriculture, said on Saturday the private sector has proposed the creation of an open currency market that the government has accepted and is taking measures to fulfill it. 
"A committee has been set up at ICCIMA and the private sector has announced its views in this regard to the decision-makers," Shafei was also quoted as saying by IBENA. 

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