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Forex Trading at 3 Rates in 3 Markets

Forex Trading at 3 Rates in 3 Markets Forex Trading at 3 Rates in 3 Markets

A third unofficial foreign exchange market has emerged, despite the government's efforts to prevent the turbulent currency market from spiraling out of control, a lawmaker warned. "In fact, a third forex market has been formed due to the government's mismanagement, which means that foreign currencies are being traded at three rates in three separate markets," Ezzatollah Yousefian, a member of Majlis Plan and Budget Commission, told ICANA on Friday.

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