Supply of 450,000 quarter coins in commodity exchange from today – Tejaratnews
According to Tejarat News, according to the announcement of the Central Bank, the supply of Bahar Azadi gold quarter coin in the commodity exchange will be in the form of a continuous deposit certificate at this stage, and the process of discovering the new price in the relevant supply is also in the form of registering a book order with different prices.
It should be mentioned that last week, during the three days of the release of quarter coins in the stock market, about 50 thousand quarter coins were traded at the prices discovered during the order registration process in a single-price auction. Thus, the price of the first day was 7 million 200 thousand Tomans, the second day was 7 million 90 thousand Tomans and the third day was 7 million 50 thousand Tomans.
According to the conditions of the supply of quarter gold coins in the commodity exchange, all natural persons over 18 years of age with a national code can buy at least one piece and a maximum of five pieces of Bahar Azadi gold quarter coins.
Buyers can go to Refah Bank’s treasury five working days after buying coins in the commodity exchange and by presenting documents related to the exchange, they can physically receive the equivalent of the purchased coins.
The central bank also emphasized in a letter to the Iran Commodity Exchange Company that the amount of 9% value added tax was calculated in the discovered price of the certificate of deposit transactions of the gold coin of Rabah Bahar Azadi treasury of Refah Bank; Therefore, no other amount will be charged as value added tax fee from the applicants.
It should be noted that the supply of quarter gold coins in the commodity exchange is carried out by the Central Bank in cooperation with the Iran Commodity Exchange in order to eliminate the coin bubble and adjust unrealistic inflationary expectations.
How to determine the price of a quarter of a coin in the commodity exchange
Homan Karmi Khorramabadi, Deputy Director of Open Market Operations Department of the Central Bank, said in an interview with Isna: The Central Bank plans to continue the supply of quarter coins in the Commodity Exchange, and this supply will start from today, Tuesday (fourth of February).
He said: The purpose of offering coins in the commodity exchange is to control the price in the market, and considering that the price bubble was broken last week with the supply that took place, and of course only less than 10% of what we had planned was sold, the intention was We will sell the remaining 450,000 quarters of coins in the market.
Karmi added: After the 450,000 quarters of coins that are currently with Refah Bank are used up, if we feel the need, we will still supply quarters of coins and even if necessary, we will also supply half coins and whole coins.
The deputy of Central Bank’s open market operations department continued in response to a question about how the price discovery is done and how people can get the right price for buying a quarter of a coin from the commodity exchange. He said: Undoubtedly, the two parameters of world price and exchange rate are effective in determining the price of a quarter coin and discovering its price.
He added: But people should pay attention to some other points to choose the right price. First of all, people should look at the rates of quarter coins in the last week in the commodity exchange and consider the price of quarter coins and certainly the best price between these two rates can help applicants to find a more reasonable and better price for buying. to choose
Kerami stated that the supply of quarter coins in the commodity exchange is so much and continues that those who request to buy at lower prices will succeed in buying coins, he added: Of course, if, for example, today all the orders in If the range is around five million or six million tomans, it means that the prices are far from reasonable prices, certainly none of the applicants will win, and the supply of quarter coins will continue in the coming days. Therefore, the amount of sales of quarter coins has an impact on its continued supply.
This official added: Of course, the central bank does not want to suddenly enter the market and make a heavy supply, but it is decided to be present in the market with a certain percentage and of course continuously.
He also answered a question about how the delivery of coins will be to applicants who have made purchases from other cities. He said: Currently, it is not possible to physically deliver a quarter of a coin outside of Tehran. Therefore, certificate holders can register on Bank Refah’s website and choose the time when they can go to Refah Bank’s treasury.
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