Economy, Business And Markets
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Markets in Iran Positive as Gov’t Allows Forex Open Market Trading

After a meeting between the government’s Economic Council and President Hassan Rouhani, the president was finally convinced that a unified rate of 42,000 rials adopted in April no longer works for all imports
Following the measure, the US dollar lost momentum in the unofficial market with rial reportedly being traded at 80,000-85,000 rials.Following the measure, the US dollar lost momentum in the unofficial market with rial reportedly being traded at 80,000-85,000 rials.
The third category includes “consumer goods”, the hard currency for which will be provided from exports that are not required to be registered in the online Integrated Forex Deals System (known as Nima)

The government has finally consented to allow open market exchange rates for certain import transactions and markets reacted positively to the news, as the bull run in the foreign exchange and gold coin markets started losing steam. 
According to Mehr News Agency, after a meeting between the government's Economic Council and President Hassan Rouhani, the latter was finally convinced that the unified rate of 42,000 rials adopted in April no longer works for all imports. 

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