Opening the hands of the central bank to manage the currency market by freeing up resources
According to Iran EconomistMohammad Amirzadeh, a member of the Iranian Chamber of Commerce regarding the effects of the freed foreign exchange resources of Iran by the United States on the foreign exchange market, said: Certainly, one of the most important issues that can be a positive result of the freeing of foreign currency resources in recent days is the central bank’s access to these foreign currency resources in order to be able to Manage the market in the best way. As a result, it should be hoped that the release of 6 billion dollars from Iran’s foreign exchange resources can leave the central bank’s hands open for managing the foreign exchange market for several months and be the main fulcrum of the country’s foreign exchange monetary institution.
This economic activist evaluated the opening of bank accounts of six Iranian banks in Qatar very positively for depositing freed foreign exchange resources and said: It seems that the transfer of foreign currency resources to these accounts for the required purposes will be in the form of bank transactions, which is expected to have the effects of freed resources in The banknote market will also be observed from this week.
He added: In general, the increase of foreign exchange resources can be considered a significant impact in reassuring and creating trust in the market and the economy. We hope that this issue will continue and prove that Iran is going through the difficult path of the cruel sanctions of the West and the United States.
Emphasizing that the release of 6 billion dollars is a very good process, the member of the Iranian Chamber of Commerce said: Undoubtedly, this amount can be effective for several months while controlling, stabilizing and providing currency in the supply of basic goods. In fact, all the efforts of the government and the central bank are to reduce livelihood concerns and control inflation and the market, which I hope these foreign exchange sources can have a good effect on achieving these goals.
Amirzadeh emphasized that with the release of these foreign exchange resources, the banknote market will face a price reduction, adding: I believe that the Central Bank will enter the management of the banknote market in the coming days. In fact, when an agreement is made in this way, the level of expectation and expectations of the foreign exchange market activists regarding foreign openings will also improve. Also, these expectations are in a form that shows that the more we advance towards international openings, the expectations will change towards the reduction of the exchange rate.