CBI Must Bear Onus of Online Currency Deals

EghttesadOnline: Parliament will agree to online forex trade on the condition that it is regulated by and under the auspices of the Central Bank of Iran, head of Economic Commission of the legislature said.

News ID: ۷۵۱۹۳۱

25 October 2022

"The Majlis will support such trade only if the CBI handles demand and supply and the currency rates plus manages the process. It is only under these conditions that the desired results would be achieved,” Mohammad Reza Pourebrahimi was quoted by IBENA as saying.

Earlier this month, a central e-platform was unveiled for exchange bureaus to report buy/sell rates, the same as shown on their electronic boards but also accessible online to the public.