Irans' mercantile exchange records $8 bln in futures
Azerbaijan, Baku, Feb. 4/ Trend M. Moezzi
Contracts for over 110,000 gold coin futures totaling more than $8 billion were signed in mid-January at the Iran Mercantile Exchange, Iranian Labour News Agency (ILNA) reported.
Futures' contracts for Imam Khomeini gold coin started in January 2009 and totaled more than 1.75 million. The idea of selling futures at the mercantile exchange as a risk coverage tool first came up in 2006.