Banking and insuranceEconomical

False pricing by currency brokers with messaging channels on holidays


According to the report of Iran Economist, on the official holidays of our country, due to the closure of banks and exchange offices, buying and selling of currency is not done. For example, today, which is the day of the martyrdom of Hazrat Fatima Zahra (PBUH), banks and exchange offices in our country are not working, on the other hand, the basis of the cash exchange rate is the market rate and the rate listed on the exchange board. The currency price should be the same price as the previous day.

But monitoring the virtual space indicates that the instant price of the dollar messaging channels today, despite the closure of the exchanges, announce the current price of the dollar with high numbers and keep increasing it. And they claim to do cash and tomorrow transactions at these prices and on a holiday.

These instant price messaging channels raise the currency price compared to the previous day with unrealistic rates on holidays so that they can start the price at the same astronomical rates in the next day and fuel market fluctuations and false pricing and seek profit.

regardless of According to the law on foreign exchange trading, which is officially gambling, it is considered a crime. Unrealistic pricing for the dollar, both on its holiday and through messaging channels, is a type of violation that requires the custodian institutions to step in and deal with currency violators.

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