Iran’s forex bourse most likely opens by Nov.20
Azerbaijan, Baku, Oct.14/ Trend G.Mehdi/
Iran will most likely launch a foreign exchange bourse during the next calendar month of Aban (October 22-November 20), the Mehr News Agency reported.
The forex bourse will be established to regulate forex trading in the market, Mehr added.
Previously, Central Bank Governor Mahmoud Bahmani told Mehr that the establishment of the forex bourse is on the agenda.
On Sept.18, Iran's Securities and Exchange Organization's Managing Director Hassan Qalibaf-Asl said infrastructure is ready to launch the foreign bourse in the near future.
He told ILNA that a special working group has been formed by the Central Bank to study different aspects of the issue.
Meanwhile, Iran inaugurated a forex trading center on Sept.24.
The new foreign exchange center allows importers of goods to buy dollars at a rate 2 percent cheaper than the street rate at any given time.
The government plans to use revenues from petrochemical sales and 14.5 percent of its oil revenues to provide dollars for the center.