Tehran Stock Exchange to supply foreign currency next week

The Minister of Economic Affairs and Finance of Iran said with the governments decision, at the beginning of next week, exporters can trade their foreign currency on the Tehran Stock Exchange after registering the export declaration.

(SHADA: TEHRAN) -- Masoud Karbasian, Minister of Economic Affairs and Finance of Iran, said: Preliminary steps have been taken and from now on, importers can order their currency in the Tehran Stock Exchange.

Offering foreign currency on the stock exchange is also in the interests of exporters and they benefit from the difference between the declared currency and its selling price on the stock exchange, he added.

In another part of his remarks, Karbasian pointed out that according to the proposed category of the government, for this year, $18 million with the rate of 38,000 rials has been foreseen for the import of essential goods, and the government will provide it from the foreign exchange earned from oil exports.

The required currency for the second group of essential commodities will be provided at the rate of 42,000 rials, which earns from the export of goods such as petrochemicals, steel and colored metals.

He stated that exporters of this group should register their foreign currency regularly on the central bank's ‘Nima’ system.