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Iran Government to Expand Secondary Forex Market

Iran Government to Expand Secondary Forex Market Iran Government to Expand Secondary Forex Market

As the negative consequences of the government’s policy in enacting a single exchange rate for the US dollar are becoming clearer, report from local media suggest that the government is finally prepared to entirely abandon that policy. 
Financial Tribune's sister economic newspaper Donya-e-Eqtesad reported on Saturday that the government is about to eliminate a significant portion of goods from the list of imports eligible to receive cheap currency. 
A government official told MNA on Saturday that the administration is preparing to add minerals and petrochemicals–the biggest sources of non-oil revenues–to the list of secondary market players and thereby transform it from its current anemic form. 
 

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