Future sales of $ 18,000 have no customers
A university professor: Today we see that there is no customer for the future currency at the rate of 20 thousand tomans and probably will not have a customer at the rate of 18 thousand tomans. It sends the message that economic activists expect the dollar to fall to less than 20,000 tomans.
According to the International Iranian Stone Exhibition, Morteza Ezzati said about the fate of the foreign exchange market after the US presidential election and Biden's victory in this election: Part of the increase in foreign exchange rates such as the dollar was due to non-economic factors, including political and expectations. Is. In Iran, if only economic factors were involved in the exchange rate, the price of the dollar should not have reached more than 15,000 tomans.
He continued: "During this period, however, other factors were involved and influential in the foreign exchange market, especially some foreign factors and profiteers and opportunists who saw the atmosphere as suitable for abuse and in various ways such as embezzlement in social networks and space." Virtually pushed up the price of the dollar. Of course, the negative expectations of the people and economic activists led to an unprecedented rise in the dollar.
"It is true that the central bank says that the government's policies have also been effective in reducing the dollar exchange rate, and we do not deny it, and even the policies of the judiciary that deal with individuals," he said. Profiteers also countered the dollar's decline, but in the past three days Biden's vote against Trump has increased, the impact of the external factor on the dollar's decline has increased, and in the past three days nothing has happened other than this factor that caused the exchange rate to fall. Be in the market.
Ezzati added: "Many economic activists and people in Iran think that it was Trump who put a lot of pressure on Iran, and if another person is elected president of the United States, the pressure on Iran will decrease." In addition, this experience has shown that the Democrats were less extremist in Iran and other countries, and based on this experience, which is likely to be repeated, the pressures that Biden and his entourage will have will be less than in the Trump era.
He said that this expectation has prevailed and naturally affects the activities and future of all economic activists and people. He said: "Today we see that there is no customer for the future currency at the rate of 20 thousand Tomans and probably at the rate of 18 thousand Tomans." The dollar will not have a customer. It sends the message that economic activists expect that the dollar rate will reach less than 20,000 tomans.
This economist, in response to the question whether this fall in the exchange rate is temporary or for how long, said: I believe that the marginal atmosphere may reduce the dollar rate in the short term, especially in future sales, up to 15 thousand tomans. But in reality, after Mr. Biden announces that he has become president and takes office, the exchange rate will stabilize to some extent, and the exchange rate may fluctuate during this period, according to Republicans. But in any case, the exchange rate will be much less than 26 thousand tomans in recent days.
He continued: "If Biden announces positive policies against Iran and not even return to Borjam and within the scope of dialogue for compromise, there is a possibility that the dollar will stabilize at a rate of less than 15 thousand tomans." If Biden does not follow Trump's path, the dollar rate will never return to 30,000 tomans.
"There is a general rule in the minds of economic actors about price stickiness," Ezzati said of the reason for the dollar not moving or the dollar falling in the open market. Some economic activists have bought and traded the dollar at the rate of 25 thousand tomans or paid 25 thousand tomans in exchange, now they are not willing to sell less than that.
The economist added: "There are similar ones in other markets." For example, importers import goods at the rate of 25 thousand tomans. Now that the dollar rate has reached 20 thousand tomans, it resists the reduction of prices. He thinks that he will lose money in this deal, while when he sells goods for 20 thousand Tomans, he will import them again with the same 20 thousand Tomans.
He stressed: "Therefore, perhaps the most important factor that does not allow the dollar to fall significantly despite the government's request is the issue of price stickiness."
* ILNA
