The Vice President of the Tehran Chamber of Commerce proposes the formation of a joint committee to examine the creation of a monetary channel between Iran and Czech Republic.
The governor of the Central Bank, arguing that “the ball is in Europe’s court”, describes the latest operational status of the INSTEX and SATMA mechanisms.
The largest source of import to Iran in April of 2019 is China with import value of $ 434 million, accounting for about 19% of Iran's imports of goods during this period.
The Central Bank's governor, advising the public not to enter the currency market by taking into account the political variables, said the Central Bank made predictions about the foreign exchange market and will have the necessary prevention.
The Central Bank, referring to 2.2 billion euros from the beginning of the year in the secondary market, announced its readiness to provide currency for the real needs of the country.
Increasing transparency and eliminating the benefits of the speculators and currency renders network are the main achievements of the formation of the organized foreign exchange market, which should be welcomed.
Easier control of inflation, avoiding turmoil in interest rates, and reducing the discount rate of government debt securities are the most important outcomes of open market operations.
Pakistani exporters wish to use third party banking channels, especially the Chinese bank, to do trade with Tehran since Pakistan has a paltry $35 million exports to Iran due to the US sanctions imposed on the neighboring country.
