88536
Gov’t Mulling Creation of Forex Open Market
Gov’t Mulling Creation of Forex Open Market
Sunday, June 24, 2018

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
Sunday, June 24, 2018

Iran 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. 

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.

Short URL : https://goo.gl/c4xrgR
06/24/2018
  1. https://goo.gl/t1exTd
  • https://goo.gl/LE8wxv
  • https://goo.gl/3weoig
  • https://goo.gl/2gG7fh
  • https://goo.gl/wtR5jT

You can also read ...

Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Iranian Ministry of Industries, Mining and Trade has released...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Iran Steel Exports Rise  27% to Over 4m Tons: ISPA (Mar-Aug, 2018)
A total of 4.13 million tons of finished and semi-finished...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...

Add new comment

Trending

Googleplus