A monetary policymaker should not allow exchange rate manipulation with sufficient supply in the exchange center
In an interview with Iran Economist, Albert Baghzian, referring to the recent fluctuations in the currency market due to the events in the region, stated: According to previous experiences, it is expected that the government will perform well in managing the exchange rate and quickly resolving the immediate emotions caused by non-economic and political issues. be successful
He said: Considering that the central bank has a special approach to the issue of currency stabilization and has achieved this very important issue by managing the exchange rate, it can be predicted that immediate emotions cannot affect the exchange rate in the medium term.
The academic staff member of Tehran University continued: International and non-economic issues, including Israeli crimes in Gaza and the terrorist crime in Kerman, affected the exchange rate, but my view is that the central bank will manage this procedure correctly, as in previous experiences.
Baghzian emphasized: It is expected that the monetary policymaker, in continuation of the acceptable policies he has implemented, will not allow manipulation of the exchange rate due to the political tensions and the American attack on Yemen, which has emotional effects on the exchange rate, so that the currency market suffers shocks caused by the bank’s reaction. Do not be central to the exchange rate.
This university professor added: Considering that the currency situation of the country is the same as before and no specific changes have been made, it is expected that the central bank will respond to the demand for foreign exchange in the exchange center as before, in order to prevent worries in this regard.
He added: If the central bank puts plans and programs like last year on the agenda, we cannot expect an increase in the exchange rate. Therefore, we can be sure that the currency market will not suffer price deterioration.
A member of the academic staff of Tehran University emphasized: With the correct and intelligent management of the central bank in the short term and in the coming days, we can expect the exchange rate to return to the rate of the past days and weeks and there will be no news of increase and instability in the currency market.
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