Regulated Forex Market Awaiting Okay from Iran's CB

Head of the company that oversees the long-awaited regulated foreign exchange market says the market is ready to start functioning and is awaiting a final go-ahead by the regulator.

In response to speculations that the scheme has been shelved by the Central Bank of Iran, Mahmoud Shekasteband said the groundwork is ready for launching the market.
“Launching the market is on the agenda of the government and the CBI, but it is the policymaker that should decide the timing,” he was quoted as saying by IRNA.
Little is known about the mechanism of the much-publicized regulated currency market, which is often touted as the government’s pivotal scheme to organize the often chaotic forex market.

Publish Date: Nov 2, 2019