Islamic Jurisprudential and Legal Outlook to Foreign Exchange Value Tomorrow Transactions by Considering the Foreign Exchange Law and Regulations

Subject Areas : Journal of Law and Politics

Milad Monsefi ¹ , Abouzar Ebrahimitorkaman ² , asghar arabiyan ³

1 - Ph.D student of Private Law, Faculty of Law, Theology and Political Science, Science and Research Branch, Islamic Azad University, Tehran, Iran.
2 - Islamic Azad University, Science and Research Branch, Tehran ARM-Islamic-Azad-University.jpg Seal of the Islamic Azad University Motto بدون شعار رسمی شعار غیر رسمی شامل: اطلب العلم من المهد
3 - Associate professor of Department Private Law, Faculty of Law, Theology and Political Science, Science and Research Branch, Islamic Azad University, Tehran, Iran.

Received: 2023-10-18 Accepted : 2023-12-05 Published : 2023-11-22

Keywords: contraband, Contract, embargo, Prohibited, Validity,

Abstract :

The currency system of the country has been in turmoil in recent years due to the imposition of international sanctions against Iran, and illegal currency brokers and traders have fueled this turmoil. Meanwhile, some unauthorized foreign exchange brokers and dealers have further provoked the turmoil. Unfortunately, by forming groups of hundreds persons in real life and virtual environments, some of the brokers attempt transactions called “foreign exchange value tomorrow” something which, according to economic studies by the central bank of Islamic republic of Iran, have created disturbances in the Iranian economic system. foreign exchange value tomorrow transactions include those transactions when the parties, without giving or taking, postpone foreign currency delivery to tomorrow or some days later, while most of the time no delivery takes place, and the parties just regard the exchange rate difference. According to the regulations of foreign currency exchange and amendment of anti-smuggling of goods and currency act, foreign exchange value tomorrow transactions, are considered illegal.