Iran: Regulated forex market structure announced

Financial Tribune – In a meeting attended by officials from the Central Bank of Iran and an association comprising players in upcoming regulated forex market on Monday, details of the mechanisms of the new market were announced.

The founding association includes major market players, namely the head of the Association of Private Banks and Credit Institutions, Association of Bureaux de Change Operators, representatives from public banks, Iran Fara Bourse (an over-the-counter market for securities and other financial instruments) and the National Informatics Corporation.