Interfering in the currency market is disrupting the stability that the public benefits from
According to Iran EconomistIn a letter addressed to the president, “Mohammedreza Pourabrahimi”, the head of the economic commission of the parliament, demanded a serious warning to the officials of the central bank and to notify the approvals of the foreign exchange committee of the government in order to solve the problems of exporting agricultural products in order to improve the country’s negative trade balance. At the same time, the central bank is in the golden era of creating stability and peace in the currency market, controlling inflation, reducing the growth of liquidity and organizing banks; Of course, some news indicate that the Economic Commission of the Parliament has criticized the government on the excuse of the absence of the Governor of the Central Bank in the meeting of this commission.
Now this question comes to mind that the currency and monetary policies of the country should be determined in the economic commission of the parliament or in the central bank? In this context, we had a conversation with Asghar Balsini, an expert on currency issues, and asked his opinion.
Creating stability and peace in the currency market
He said: “During the tenure of Farzin, the central bank is going through one of the eras of efficient management, with rules and based on scientific principles and world-tested experiences, and the sum of these issues has created a situation where the currency market, which was turbulent in the past years, Conditions of stability and peace will be reached.
Balsini continued: The stability and calm in the currency market has strongly affected the predictability of the economy and has provided the possibility of planning for economic operators to gain benefits.
He emphasized: In such a situation, creating unnecessary atmosphere based on union and group interests and non-expert criticism of the performance of the Central Bank is a wrong action, and the continuation of these conditions, non-expert criticism and unnecessary pressure on the Central Bank from various centers can lead to the risk of instability in the currency market. to follow
Everyone benefits from the stability of the currency market
Stating that the general public is benefiting from the stability of the currency market, this foreign exchange expert added: In this situation, any person with any intention seeks to create a challenge and disrupt the currency market; In fact, it seeks to disrupt the stability that the general public benefits from.
He stated: According to the real statistics, the Central Bank has had a stable and good situation during Farzin’s tenure.
Balsini stated: We must pay attention to the fact that the exchange rate had sinusoidal fluctuations in the past and this problem disturbed the psychological and economic security of the society, but now the exchange rate has stabilized and there is no concern about sinusoidal behavior.
Recession is over and inflation has decreased
He continued: with the efficient management of the central bank and the implementation of the economic stabilization policy, which is a precise, scientific and tested international policy; Both the currency conditions have been stabilized and due to the stabilization of the exchange rate, the key monetary variables in the economy have been stabilized and the situation has been decreasing.
This foreign exchange expert said: Let’s not forget that the growth rate of the liquidity of the country’s economy was 43% in the past years and it has reached below 27% in August, and the economic growth rate this spring is 6.2% according to the central bank and 7% according to the statistics center. It is 9% and this is a high growth.
He added: According to the statistics that I announced, Iran’s economy has overcome the conditions of stagnant inflation that it was struggling with in the past, and along with economic growth, the recession has disappeared, inflation has also decreased, and the exchange rate has been controlled. .
The central bank seeks to stabilize the economy
Balsini emphasized: In the current situation, measures such as the letter of the head of the economic commission to the president and non-expert criticisms, which are unnecessary and outside the scope of the duties of the parliamentarians, should be seriously pursued by the parliamentarians, why should there be an atmosphere that seeks to disturb The stability of the currency market.
He said: The central bank seeks to establish stability in the economy in the field of its duties, the stability of the economy comes from the stability of the exchange rate and inflation. Therefore, in such an atmosphere, every pen, every speaker and every speech that seeks to question this performance and stability in the currency market under the pretext of some minor issues, we definitely did not move in line with the interests of the people.
The foreign exchange market expert stated: The allocation of 28,500 foreign currency for basic goods and the efficient management of the central bank in the foreign exchange market through the creation and expansion of the Iranian currency and gold exchange center have created a situation where we expect the Iranian economy to suffer less from exchange rate fluctuations. and this is a big step taken by the central bank and this method of the central bank should be modeled in other areas and we should all help the central bank.