Iran to Launch OTC Forex Trading

The soon-to-be-launched regulated foreign exchange market, the framework for which has been approved, will function as an over-the-counter market. 
Rules for launching the first-ever foreign exchange market in Iran were approved last month by the Money and Credit Council - a top financial decision-making body headed by the governor of the Central Bank of Iran. 
The move seeks to create and organize a transparent market where foreign currency will be traded in cash through an electronic platform in the framework of MCC regulations.