Saffron deals will be internationalized next year
Hamed Soltani Nezhad, director of the Iranian stock exchange, said: Due to various factors such as the high cost of saffron production in other countries, Iran has steal overtaking them and currently 90 percent of the world’s saffron is produced in the country, but factors such as flint, The lack of supervision and incentives to produce quality products, the presence of brokers and intermediaries in this market, lack of proper supervision and management, and lack of proper packaging have provided the grounds for the sale of Iranian saffron by the name of countries such as Spain and the United Arab Emirates in global markets. This is the stock exchange with having new financial tools as a mint Btryn was the key to solving this problem.
The supply of saffron on the stock exchange in the long run will have effects such as direct presence in international markets and the supply of high quality and affordable products in target countries, which will increase the hopes for the international stock exchange saffron and the choice Iran will increase the price of the price in the country, but in this regard, the authorities should provide a field for directing foreign buyers of saffron to the stock exchange, which sell the product at the rates set on the stock exchange, this way buyers of solutions to fix It’s a problem that the dealers lack from the market Day will bring.
On the other hand, based on the experience of other countries, the supply of products in the Silver Hall is an appropriate solution to solve the problems associated with the sale and supply of various goods such as saffron, which in Iran after the arrival of the golden red in the silver hall of the red carpet to extensive future contracts As well as Option Contracts for the NEGIN saffron was launched for this valuable product, which attracted the attention of all economic activists, especially saffron, but the internationalization of gold bullion would definitely require other tools and solutions that authorities should take in this regard. Give
In this regard, Hamed Soltani Nezhad, Chief Executive Officer of Iran Stock Exchange, said: “Rediscovering the price of gold in international markets will be possible in different markets.”
He noted that according to the plans for the next year, international trade in saffron will be based on dollars or other international currencies in one of the free zones.
Soltani Nezhad added that for the purpose of settling these deals, such a move has been made for such transactions, such as the creation of an intermediary bank with international banks that are not listed on the sanctions list.
He said that the necessary negotiations with the banks had been made in this regard, and that these banks should take the necessary steps in this regard after the opening of the bank.
Sultan Nejad, in clarifying the dealings outside the stock exchange, also stated that for the settlement of these out-of-market transactions, prices are calculated based on dollars, euros or other currencies of the world, but the settlement of these transactions is carried out outside the stock market.
The chairman of the stock exchange, in response to the question of whether the Islamic Consultative Assembly has already done the necessary work to internationalize the deals, said: Article 32 of the Law on the sixth program in the field of agricultural products has led the agricultural deal to be based on new tools based on new tools Which also paves the way for internationalization of red gold trades.
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