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Iran remains unclear about mandatory pricing plan on its mercantile exchange

Business Materials 2 February 2021 10:11
Iran remains unclear about mandatory pricing plan on its mercantile exchange

BAKU, Azerbaijan, Feb.2

Trend:

It is possible that the mandatory pricing plan on Iran's mercantile exchange won't be implemented, Minister of Economic Affairs and Finances Farhad Dejpasand said, Trend reports via IRNA.

The Ministry of Industries, Mine and Trade has previously released an instruction for mandatory pricing of some products at the Iran Mercantile Exchange, which caused negative reactions, forcing the ministry to retreat from its position.

"The government has decided to refer the issue to the High Council of Securities and Exchange, so it will decide on the possible changes in prices," Dejpasand said.

"The topic has affected the market trading, so eventually, the minister of Industries, Mine and Trade had to announce that there was no agreement over the mandatory pricing plan, and in a meeting with the High Council of Securities and Exchange said he didn't believe in mandatory pricing plan itself," said the minister.

Dejpasand pointed out that so far the mercantile exchange has been having a very good turnover.

"The transactions at the exchange and the market have always been transparent and considerably helpful to producers and consumers," he said.

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