Baku, Azerbaijan, January 19
By Elnur Bagishov – Trend:
Currency trading in Iran is an effective tool that determines the volume of demand for an organized market, so creation of the market and sale of the currency will make speculators’ work difficult, Trend reports referring to Mohammad Lahouti, the head of Iran Export Confederation.
He told Ibena that this market primarily deals with small purchases and foreign exchange appeals. The Central Bank may use this vehicle to control the currency market and currency needs.
Lahouti also spoke on the meeting of the Union of Founders of Organized Foreign Currency Trading Market.
“The creation and operation of this market will result in increased demand and transparency in purchases” he said.
Lahuti also added that on the other hand, this market’s participants will be aware of where to go to buy a currency and which mechanisms to use.
Meeting of the Union of Founders of Organized Foreign Currency Trading Market was held on January 14. The ways of launching of this market were discussed there.