EghtesadOnline: The Majlis Economic Commission criticized the government’s poor handling of a crisis that hit the hard currency market in April and stressed the need for measures to boost the Secondary Forex Market.
EghtesadOnline: Two goals have been set for the recent establishment of the so-called “Secondary Forex Market”, namely meeting the country’s monetary needs through non-oil exports and setting a non-government-issued rate for foreign currencies, using negotiation as cover.
EghtesadOnline: As uncertainties loom over the way foreign exchange rates will be set in the newly-launched secondary foreign exchange market, a Central Bank of Iran official said "supply and demand" will be the determining factor.