IME Forecasts 40% Growth Until March

EghtesadOnline: Trade at the Iran Mercantile Exchange (IME) is expected to exceed 10,000 trillion rials ($24.63 billion) by the end of the current fiscal year in March, Hamed Soltani Nejad, the IME head said.

News ID: ۷۵۲۱۹۰

18 January 2023

Trade at the Iran Mercantile Exchange (IME) is expected to exceed 10,000 trillion rials ($24.63 billion) by the end of the current fiscal year in March, Hamed Soltani Nejad, the IME head said.

"Trade was up 40% in the first three quarters of this year" SENA quoted him as saying.

According to Soltani Nejad, “inflation had no significant role in the growth rates.” He did not elaborate.

Referring to auto sale at IME as a key contributing factor in market growth, even though "hardly 3-4% of the auto sales take place via the IME." Local media reports in the past two days said car sales via this market have been suspended until further notice.

However, the Competition Council later denied making any decision about suspending auto offers at IME, saying that it has not yet made any decision in this regard.