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Publish Date : 26 June 2018 - 21:04  ,  
News ID: 4063

Iran to create secondary currency market by next week

TEHRAN(Basirat): Iran will set up a secondary currency market by the next week, Central Bank of Iran (CBI) Governor Valiollah Seif announced on Monday.

Iran to create secondary currency market by next week

The decision was made as the Iranian rial plunged to a record low against the U.S. dollar in the unofficial market on Sunday, Tasnim news agency reported.
A detailed plan has been prepared for creation of this market, the CBI governor remarked, adding that this market will prevent the creation of indefinite rates offered by unauthorized brokers.
The official also announced that a system will be established to identify all commodities that have been imported using U.S. dollars at a rate of 42,000 rials, so that importers of those goods cannot sell them at higher prices.
Source: Tehran Times

 

Tags: tasnim ، iran ، basirat ، dollar ، rial
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