Tehran, YJC. Member of the Belarus Interexchange Electronic Union (IEU) speaking at a press conference in Tehran on Sunday said “The precious goods that are in the hands of the union members have to reach all other members including Finland which is also a member of the union.”
"Two years ago a bilateral contract was signed with the head
of Iran's Mercantile Exchange. There was a problem with payments there which we
are trying to raise by launching the new interexchange center. I believe that
no country can prevent us from doing that.”
In a meeting between Chairman of the IEU Grigor P. Vardikyan
and Deputy Head of the IME Panahi in Tehran, the two officials stressed the
need for both sides to pave the ground for enhancement of their interaction,
Fars news agency reported on October 18.
The IEU unites seven commodity exchanges of five countries,
including Armenia (YERCOMEX), Belarus (BUCEX), Kazakhstan (ICEX "Kazakhstan”,
CEX "Kaspiy”), Kyrgyzstan (KUCEX), Ukraine (UCEX, "Agrarian Commodity Exchange”
Cabinet of Ministers of Ukraine) and two commodity distribution systems from
Armenia (Clearing House UCDLE) and from Belarus (the Certification center BUCEX).
On November 8, Head
of Iran Mercantile Exchange Hossein Panahian
said that the IME will follow the issue of joining IEU in the Tehran forum as
well as the professional and expert discussion panels will be held focusing on
clearing and settlements, listing and ICT as well as there will be potential of
IME to become the member of this union if all the agreements will be shaped
which this could regarded as a milestone in the Iran Capital Market because it
will make IME and in fact the whole capital market of Iran, International.