EghtesadOnline: Majlis Research Center, the parliamentary think tank, has released its first comprehensive report on the current foreign exchange market situation and the reasons it was gripped by wild gyrations in the final months of the previous fiscal year that ended in March and the following months.
EghtesadOnline: Chairman of Majlis Economic Commission said on Tuesday a parliamentary measure to manage the foreign exchange market is still on the agenda, but lawmakers are giving the government more time to see whether its measures will prove effective.
EghtesadOnline: As Iran is dealing with the ramifications of the government's policy announced on April 9 to unify the country's dual foreign exchange rates, the private sector has called on President Hassan Rouhani's administration to make a series of changes to its policy, especially by creating a secondary foreign exchange market.
EghtesadOnline: The governor of the Central Bank of Iran has decried analyses linking the recent volatility in the foreign exchange market to past woes besetting the banking system.
EghtesadOnline: The foreign exchange market recently went in a frenzy, with the rial losing its value against the US dollar on a daily basis.
EghtesadOnline: The Majlis Economic Commission said on Tuesday that it fundamentally agrees with the government's recent measures to control the foreign exchange market, although some of the executive decisions should be reconsidered.
EghtesadOnline: The governor of the Central Bank of Iran emphasized the role of moneychangers in the foreign exchange market, saying that the regulator is not seeking to remove them from the Iranian economy.
EghtesadOnline: As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market.
EghtesadOnline: Head of the Planning and Housing Economy Office at the Ministry of Roads and Housing Development discussed the short- and long-term impacts of the recent foreign exchange market volatility on the housing market.
EghtesadOnline: With the government’s rescue package reining in the foreign exchange market, the private sector once again voiced its objection over the administration’s adamance on keeping the national currency strong at all cost.