Security, exchange market competing rivals

February 26, 2019

TEHRAN- In an interview with Mehr news agency on Monday, Iran’s Securities and Exchange Organization (SEO) Head Shapour Mohammadi named hoarding goods besides trading gold and foreign currency as the main rivals of domestic security and exchange market.

SEO is planning programs to reduce financing rate at exchange market in a bid to match the country’s monetary system, he informed.

“We believe that financing must occur simultaneously among domestic exchange market, insurance system and banking system,” Mohammadi underlined.

He also underscored the significance of transparency and privatization in this regard.

HJ/MA

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