A good rail laying has been done in the field of foreign exchange
According to the report of Iran Economist, the Governor General of the Central Bank emphasized on establishing stability in the currency market from the very first days when he assumed the presidency of the glass building of Mirdamad.
In this regard, “Mohammedreza Farzin” recently wrote in the virtual space: “From the fourth of Bahman, the central bank and exchange offices are taking joint measures to restore economic stability in the country. From now on, the central bank will enter the free market and will be a rate maker.
He explained about the entry into the free currency market and pricing in this market: From the fourth of November, we announced that up to five thousand dollars will be sold through exchanges, and if there is a limit, we will sell currency in the form of an auction in the organized currency market, and there the rate is determined and this rate will be the free market rate.
In this connection, currency market expert Masoud Tavakoli said in an interview with Iran Economist about the Central Bank’s new policies: removing restrictions on exchange and buying and selling currency will greatly help the country’s currency flow and shape the market.
He continued: Until now, money changers were able to buy and sell currency under a series of conditions and restrictions were applied, but now these restrictions have been removed, its framework has been developed, and as a result, the range of activities of money changers has improved.
This market expert said: Expanding the scope of activity of money changers and removing restrictions on buying and selling foreign currency will help the country’s foreign exchange circulation and foreign exchange needs will be answered, and this flow will open things up.
He also said about the creation of the exchange market as another policy of the central bank: the exchange market is actually the answer to all real and official needs and helps to reduce inflammations and ultimately causes the informal market to shrink.
Tavakli explained: The demands that exist on the street, such as student currency, services, travel, treatment, and medicine, are the real needs of the people and should be provided in the official exchange market in the official way, and as a result, this way helps to establish peace in the market. It removes a large demand from the informal market.
He added: In the past, the general policy of the central bank has been the exchange market, and the main needs of the country were answered in this direction, and now the head of the central bank has decided to respond to it with the help of this method.
The foreign exchange market expert said in explaining the exchange market: This market is actually the interface between the devices, the real needs of the people and the central bank, and the members of this device market and the bank and non-bank exchange network have gathered.
He added: In the exchange market, applicants submit their requirements to the relevant agency, for example, a student submits the foreign exchange requirement and related documents to the custodian of the student currency, which is the Ministry of Science, and after the approval of the relevant agencies, the documents and documents are delivered to the relevant money changer. Currency allocation is done.
Tavakli said: In the exchange market, due to the presence of the device, the collection of the exchange network and the collection of the currency network, the route is shortened, and the applicant receives the currency he needs in the shortest time and without delay, and this shortness makes the person no longer refer to the informal market. .