New boss signal for dollar and housing / President’s economic messages in Lorestan

According to Tejarat News, before the president’s visit to Lorestan, his last statement about the foreign exchange market was that “some people are trying to raise the exchange rate at the same time as the negotiations.” But after this, what economic statements did he make during his trip to Lorestan?

– We have nearly 50 years of unfinished projects in the country that must be prioritized and completed. There have been half-finished projects in the country for decades, and the government will prioritize the completion of these projects based on the amount of employment created. It was decided to allocate the necessary funds for the construction of “Mashoura Dam” so that this dam will be operational in a shorter period of time.

Unemployment is a serious problem in the province and all plans and projects in Lorestan should be in the direction of creating employment and eliminating unemployment, but creating employment is not only the duty of the Ministry of Labor and all agencies and institutions must work. Our priority in Lorestan province is to set up semi-closed and closed industries. The unemployment situation in some provinces, including Lorestan province, which has such facilities, is not acceptable to us at all, and we must change this situation.

Launching the housing industry can be a stimulus for many industries.

The first word of the president means increasing the pressure on the budget and the possibility of a government budget deficit. His second message has a similar message, and the pressure on banking resources is likely to increase. These two events have an important message for a market such as the foreign exchange market, which will be affected in the medium term if the budget deficit widens and the growth rate of liquidity and inflation of the dollar increases.

The third statement also sends an important message to the housing market that the government is likely to be determined to supply more housing, and that this policy is likely to stimulate demand in the construction materials sector. If construction companies focus only on the outskirts of cities, this pressure on material prices may push up housing prices in large cities.