New currency policies will be announced soon
According to Iran’s report, Economist Shiva Ravoshi said in the 14:00 news section of Sima channel: “This year, we managed to allocate more than 80 billion dollars in foreign currency to cover import expenses, of which 60 billion dollars have been paid and the goods are sent to the country.” has entered or is entering the country.
He added: For basic goods, more than 18 billion dollars have been allocated for the goods announced by the Ministry of Jihad and Agriculture, and so far 14 billion dollars have been provided from this amount. Of course, we have announced our readiness for 18 billion dollars; Also, 3.2 billion dollars have been provided in foreign currency for the items announced by the Ministry of Health. The exchange rate of these goods is 28,500 Tomans and the supply of foreign currency for these items continues.
The Director General of Foreign Trade Affairs of the Central Bank said regarding the current currency prices in the open market: these rates do not have a real basis in accordance with the country’s business process. For several years, despite the sanctions, all import needs have been met, and this year’s performance figures prove this because this year’s performance was 30% higher than last year.
Stating that some unreal components caused these issues, he clarified: We have witnessed similar behavior in the capital market in August 2019. In terms of the trade process and its components, the state of the country’s trade this year has been better than last year.
* The current figures of the currency are completely bubble
The Director General of Foreign Trade Affairs of the Central Bank stated that the current figures of the currency are completely inflated and said: There is a sufficient amount of currency needed by the country, the Central Bank will soon implement and announce changes in the country’s foreign exchange affairs, which will definitely lead to an improvement in transactions. and will meet the country’s foreign exchange needs.
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