Gold Coin Trade Starts at the ICE
EghtesadOnline: The Quarter Bahar Azadi gold coin is the first to be traded in the market, at prices announced on the ICE website, which is lower than in the free market.
The Iranian Center for Exchange (ICE), a recently-established market under the auspices of the Central Bank of Iran, started offering gold coins on Tuesday.
According to a press release seen on the CBI website, the ICE listed the Quarter Bahar Azadi gold coin as the first to be traded at prices announced on ICE's website, which is deemed to be lower than the free market.
As per the CBI announcement, official brokers of ICE will purchase the Quarter gold coins. The brokers include banks and credit institutions, authorized exchange shops and bank-affiliated moneychangers.