Azerbaijan, Baku, Sep.17/ Trend F.Milad/
The chairman of the Chamber of Commerce, Industries, and Mines of Iran has said there is no plan on the agenda to launch a foreign exchange market.
For the time being, launching the market is out of the Central Bank's agenda, Mohammad Nahavandian said, the Fars news agency reported.
On September 5, Finance and Economic Affairs Minister Shamseddin Hosseini told the Mehr news agency that Iran's foreign exchange trading market will be inaugurated by the end of the current calendar month of Shahriver (September 21), aiming to create a balance between the official and free market rates of foreign currencies.
The Central Bank of Iran has approved general outlines of launching a foreign exchange market, he added.
The foreign exchange market is a form of exchange for the global decentralised trading of international currencies. In a typical foreign exchange transaction, a party purchases a quantity of one currency by paying a quantity of another currency.