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Central Bank of Iran: Regulated Forex Market in 2 Weeks

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The Central Bank of Iran is working on the legal framework to launch the promised regulated foreign exchange market in two weeks, the CBI governor said. 

In a primetime interview with state TV late Tuesday, Abdolnaser Hemmati said the currencies to be traded in cash (banknotes) and the exchange bureaux and process purchases and sales would be in electronic format. 

Earlier this month, rules for launching an official foreign exchange market were approved by the Money and Credit Council – a top financial decision-making body headed by the CBI boss. 

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