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Iran's oil exchange will start operations on Feb. 17, the official Iranian news agency IRNA said, citing the country's oil minister.
The Iranian rial will be used for all transactions on the Tehran Oil Bourse, Gholamhossein Nozari said today, according to IRNA.
Originally posted by aaaauroraaaaa
The 17th is a Sunday... wouldn't it start on the 18th of February? Just a thought... But yes, if it does start trading that would really hurt the dollar.
The first phase of Iran's oil stock market started its work on Kish island in the Persian Gulf, southern Iran, on Sunday presenting oil and petrochemical products.