History Iran Mercantile Exchange
ime statistics (2007-2014)
tehran metal exchange established in september 2003 first mercantile exchange in country. later on, iran agricultural exchange established in september 2004. subsequently, tehran metal exchange merged iran agricultural exchange in december 2006 , formed iran mercantile exchange company. in 2015, trading @ ime has first time surpassed volume of trade @ tehran stock exchange.
oil bourse
the government of iran decided establish oil , petrochemicals exchange , responsibility of creating new exchange delegated ime company. first phase launched on february 17, 2008 executing transactions of petrochemicals , chemicals has been running , second phase on verge of launching. completion of second phase, crude , by-products of oil can traded on exchange in both iranian rial , major foreign currencies (except usd).
kish island venue trading oil contracts. free trade zone. islamic republic wants encourage local investors participate in oil market tries reduce state’s role in country’s energy industry.
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