After the government finally decided to recognize a "secondary" foreign exchange market where the US dollar can be traded at a rate other than the official unified rate of 42,000 rials, it is now certain that this market will be hosted by the stock market.
Shapour Mohammadi, the head of Security and Exchange Organization, said on Wednesday that based on a mechanism that will be devised in coordination with the Central Bank of Iran, Industries Ministry and SEO, the foreign exchange generated by small exporters will be offered in the bourse at a rate determined by supply and demand.
June 27, 2018 20:14
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Tehran Stock Exchange to Host Forex Trading
The head of Security and Exchange Organization said on Wednesday that based on a mechanism that will be devised in coordination with the Central Bank of Iran, Industries Ministry and SEO, the foreign exchange generated by small exporters will be offered
The establishment of “secondary” market will become possible after President Hassan Rouhani finally agreed this week to recognize a free market rate
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