The downward trend of the currency will continue
Central Bank: Exchange rates in the market are not in line with the fundamentals of the economy, and a fall of about 25 percent in a week in the market is the best reason to prove the impact of reducing non-economic risks on lowering market prices to a lower equilibrium rate.
According to the International Exhibition of Iranian Stone, the public relations of the Central Bank announced: Despite the recent downward trend in the market, which, of course, like any trend is occasionally corrected, some people mistakenly suggest that certain levels of market rates are floor It is the price of the central bank, and they are also trying to disrupt the prospect of reducing non-economic risks by spreading news and rumors in order to prevent the market rate from falling in any way possible.
This group seeks to compensate for the losses caused by the significant reduction of negative expectations in the country's foreign exchange market and subsequently other markets. However, it can be emphasized that a downward trend has taken place and stability in the asset markets will continue despite such resistance. At the same time, the Central Bank expects the responsible institutions to identify and introduce the groups that are trying to create these rumors and inductions in order to prevent the people from enjoying a stable atmosphere in the country's economy.
Accordingly, the central bank, along with the process of reducing non-economic risks, with more power and power leads the market price to lower rates, which relies on the fundamental factors of the economy, and obviously with the continued supply of the central bank, petrochemicals, Steel and other exporters and current currency openings, the foreign exchange market will be more stable.
It is worth mentioning that real transactions are still taking place in the Nima system and the organized foreign exchange market, and the trading rates are much lower than the rates that are sometimes reported in some unofficial channels.
According to the received reports, the last traded rate of the dirham in the Nima system was about 6665 Tomans, which is the dollar equivalent of about 24460 Tomans.
* Tasnim
