ICE Is Set to Play Bigger Role

The Central Bank of Iran wants to gradually expand the scope of the newly-established Currency and Gold Trade Center (CGTR) so that it could replace the free (unofficial) market, the CBI governor Mohammad Reza Farzin said.
“Once the market is fully developed the CBI will be able to administer policies to better manage the currency market. The center is intended to mark the beginning of a new approach to managing the forex market,” he said in Tehran Tuesday at the ceremony to launch the CGTR. 
The regulator has unveiled the center apparently in the latest bid to control forex and gold prices that have jumped to levels unseen in the history of the country.