Failure of traders to resist the fall of the dollar

Failure of traders to resist the fall of the dollar
  • 2020-11-09
  • .
While the price of the dollar has been declining over the past few days, foreign exchange traders are trying to resist the fall in prices by announcing high prices, which has not been successful and the dollar rate is retreating to 20,000 tomans and even less. Is.

According to the International Iranian Stone Exhibition, in the past few days, the foreign exchange market has experienced a continuous decline and is experiencing a decrease of more than 2,000 Tomans per day on average; Today, the news showed that the dollar exchange rate has returned below 20,000 Tomans, and the atmosphere at the Istanbul crossroads was such that there was even an expectation of a further decrease in exchanges.

Following the implementation of government measures to return export currencies to the country in recent months, the central bank in recent weeks by injecting it into the economic cycle to control the market, began to reduce prices to achieve price stability, a downward trend that these days More to be seen. In recent days, the price of the dollar and other commodities has been declining due to developments in the US election and expectations for improved foreign policy.

Downward trend in prices in the foreign exchange market

Surveys show that exchange offices in the city turned on the lights of 22 thousand and 700 tomans for the dollar on their boards this afternoon, at the same time with the start of transactions in the foreign exchange market, but brokers have found another way for themselves and due to concern Due to the drop in prices, they were present around Ferdowsi Square to announce numbers for buying and selling foreign currency, which were more than exchange offices, and tried to prevent the exchange rate from falling steadily by offering higher prices.

One of the efforts of currency brokers and sellers in today's market was to keep the sellers of dollars and euros away from the exchange offices and to attract attention for buying at a price higher than one thousand tomans compared to them.

A young man who works as a currency broker on Ferdowsi Street in Tehran said, "Exchange offices buy for 22,000 tomans, but they are empty of customers, but we buy 23 and 700, and you will not find a better offer."

If you do not sell today, you will regret it tomorrow

Brokers have gathered around Ferdowsi Square and are standing so close to each other that it attracts the attention of every passerby, and if there is a seller in the middle, each of them tries to buy at a higher price in order to reduce the price of the exchange offices. Do not look.

One of them, who was mostly looking to buy a hundred dollars, said, "Right now I buy every 100 dollars for two million and 350 thousand tomans," and the other, who seemed older, insisted: "Sell it to me, you will not regret it." I bought it at the highest possible price.

Each of these brokers had a different opinion about the trend of growth or decrease of currency. "You will regret it tomorrow."

Another older broker stressed that it was not yet clear where the foreign exchange market would go and that we would have to wait and see.

These days, along with the fall of the exchange rate, other markets have also started a decreasing trend, each 18-carat gold is exchanged for about one million and 100 thousand tomans in the market, and the coin is experiencing a channel of 11 million tomans.

* IRNA