Currency supply increases in exchange offices
According to the Iran Economist, Ali Salehabadi, on the sidelines of a meeting with money changers, stated that one of our most important markets is the foreign exchange remittance market in the country, which accounts for a significant volume of transactions: from the beginning of this year to June 10, 8 billion and 100 We traded millions of dollars in the remittance market, with oil and non-oil exporters supplying the market and covering all demand.
He emphasized that in the same period last year, this amount was $ 4.6 billion, which we had a significant growth, he continued: 200 to 300 million dollars are traded daily in the remittance market, which supply is more than demand.
The Governor of the Central Bank stated: “We are pursuing the issue that the Central Bank is not the only buyer of government currency and state-owned banks can also sell currency and the Central Bank can all be the seller of currency and collect rials from the market.”
Salehabadi noted: “Fortunately, rising prices of oil, petrochemicals and steel products in the global market, as well as the growth of non-oil exports, have increased our supply in the remittance market and we have no problem in meeting import demand.”
Referring to the banknote market, he said: “Exporters also have supply in the banknote market, and the central bank is also present in the market as a market maker.” At present, in terms of the amount of banknotes we have in the central bank, the central bank has never had this amount.
Referring to today’s meeting with money changers, the Governor of the Central Bank said: “Today, we agreed with the money changers to increase the supply of banknotes and to facilitate the regulations related to the market demand in the field of banknotes.”
He added: “In the coming days, something positive will happen and the volume of transactions will increase to cover the real needs.”
Salehabadi stated: The Central Bank has a serious and active presence in other areas that are related to currency and effective in this market, which is definitely due to the good situation in the field of foreign exchange earnings, both in terms of remittances and banknotes. It can balance the market well, and this policy is being pursued seriously.