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Iran's Mercantile Exchange to offer cars for sale

Transport Materials 23 April 2021 15:20 (UTC +04:00)
Iran's Mercantile Exchange to offer cars for sale

TEHRAN, Iran, Apr.23

Trend:

The Industries and Mines Commission of Iran's parliament has approved the sale of cars on the country's mercantile exchange, said the head of the parliament's auto committee at Industries and Mines Commission Rouhullah Izadkhah, Trend reports via ILNA.

"The plan should be put on vote during the parliament's open session and then finalized by the Guardian Council, therefore the prices would be set for auto sale at mercantile exchange based on Article 44 of the Constitution," Izadkhah said.

"The basic price for offering cars at the exchange would be set by the National Competition Council, based on finished auto price and costs in a year, the Council would also choose the priority of applications based on families without vehicles," said the official.

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