The Securities and Exchange High Council has approved the establishment of a currency futures bourse, a council member said Saturday. Mohammad Reza Pourebrahimi said the Central Bank of Irans governor, Valiollah Seif, is also in favor of the initiative. He noted, however, that launching the bourse demands unification of foreign exchange rates, the ...

By Trend Members of the Iranian parliament (Majlis) have put in a request to summon President Mahmoud Ahmadinejad to explain about incidents which occurred last week in Iran's foreign exchange free market, the Mehr News Agency reported. So far, 93 MPs have undersigned the request, an MP said on the condition of anonymity. There is a possibility ...

By Xinhua TEHRAN, Sept. 19 (Xinhua) -- Iran plans to launch forex bourse to regulate its currency value against foreign currencies. Hassan Qalibaf-Asl, managing director of Iran's Security Exchange Organization, has said that infrastructures are ready to launch foreign exchange market in Iran in the near future, Tehran Times daily reported on ...