EghtesadOnline: The long-expected secondary foreign exchange market officially commenced work while exchange bureaus remain barred from physical trading in hard currency.

EghtesadOnline: Head of the company that will oversee the regulated forex market says the new market will open with the participation of 100 plus money changers.

EghtesadOnline: The foreign exchange rate in Integrated Forex Deals System (Persian acronym for Nima) has been hiked in recent months to come closer to the rates quoted on the Sana website that reports the average exchange rates from the exchange bureaus , according to a report by the Department of Economic Reviews of Tehran Chamber of Commerce, Industries, Mines and Agriculture.

EghtesadOnline: The company overseeing the soon-to-be launched regulated foreign exchange market cut the membership fees for exchange bureaus from the previously announced 1 billion rials ($7,700) to 250 million rials.

EghtesadOnline: Restrictions on foreign currency trade by authorized exchange bureaus have pushed people towards the black market, chief of the founding board of Association of Bureaux de Change Operators of Iran said.

EghtesadOnline: The Association of Bureaux de Change Operators of Iran has called on members wanting to participate in the regulated foreign exchange market to register.

EghtesadOnline: The Central Bank of Iran in a directive on Saturday announced rules and regulations for selling and buying foreign currency of export earnings at authorized exchange bureaus .

EghtesadOnline: With the government's rescue package for the currency market in full swing, exchange bureaus have found a newly-defined role after nearly four months of zero transaction.