Baku, Azerbaijan, Aug 4
By Khalid Kazimov – Trend:
Iran Mercantile Exchange (IME) has expressed its preparedness for establishing a "future market" for various foreign currencies.
“We are ready to launch a future market for foreign currencies and the required infrastructures have been prepared,” IRIB quoted Hamed Soltaninejad, the CEO of the IME, as saying.
He further added that ending the dual exchange rate regime in the country would contribute to launching the future market at the IME.
According to the CEO, the experts of Iran’s capital market have already prepared the required regulations.
Following the implementation of the Joint Comprehensive plan of action (JCPOA) January 16, the officials of Iran’s central bank have voiced their intention to introduce a single foreign exchange rate.
The multi-tiered exchange market emerged in Iran after a decision in 2012 by the EU and the US to impose more sanctions on Iran’s financial, economic and oil sector over Tehran’s controversial nuclear program.
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