The foreign exchange market will definitely adjust

The foreign exchange market will definitely adjust
  • 2021-02-01
  • .
Governor of the Central Bank: Regarding the new Czech law, we explained in the meeting of the Article 90 Commission and the Economic Commission that this law has complications. At present, we have provided the conditions for registering, confirming and transferring checks on an optional basis so that people can get acquainted, and God willing, the implementation of the law will be mandatory from the beginning of 1400.

According to the International Iranian Stone Exhibition, the Governor of the Central Bank announced in a special news talk show: After returning from a trip to Shiraz, as soon as he learned of the incident that happened to some immigrants and customers of the banking network regarding obtaining the Shahab code, the order The one-month extension was notified to the banks.

He continued: "Shahab code is the same as national code (natural persons) or national ID (legal persons) and universal code (foreign nationals), which according to the approvals of the Supreme Council for Combating Money Laundering, is mandatory for people who have a bank transaction to identify themselves." Be clear with banks.

Hemmati stated about the new Czech law: Regarding the new Czech law, we explained in the meeting of the Article 90 Commission and the Economic Commission that this law has complications. At present, we have provided the conditions for registration, approval and transfer of checks on an optional basis so that people can get acquainted, and God willing, the implementation of the law will be mandatory from the beginning of next year.

Regarding the foreign exchange market, he said: "The atmosphere of the capital and foreign exchange markets is affected by political interactions, but the market will definitely be adjusted." If we have access to resources, the marketing power of the central bank will increase. I do not believe in suppressing the exchange rate, but this does not mean that the exchange rate is not adjusted.

 He continued: "I am among those who believe that the central bank's intervention in the market should be purposeful." Next year, we will approach inflation target by adjusting the rate and improving the political situation. Note, however, that macroeconomic variables cannot be viewed in isolation.

The Governor of the Central Bank added: "Pricing of durable products and goods is sensitive to the exchange rate." Dear people of our country, know that we have gone through the previous conditions and the previous difficult conditions will not be repeated. It is not true at all that the central bank seeks to increase the exchange rate, and all our efforts at the central bank are to adjust the exchange rate.

"During the last year, we provided $ 15 billion for basic goods, of which $ 7 billion came from the central bank's reserves," he said. This year, we also provided part of the government's needs from the central bank's reserves.

* ILNA