The beginning of the fall of the dollar rate in the open market
According to Iran Economist6 billion dollars from Iran’s blocked foreign currency resources in South Korea, which were released a while ago, were deposited today in the accounts of 6 Iranian banks in Qatar in the form of Euros. With Iran’s complete access to these foreign exchange resources, the central bank’s market-making power in the foreign exchange market will increase and the control of the foreign exchange command in Mirdamad will be facilitated. Last week, Seyed Ehsan Khandozi, the economic spokesman of the government, said that the process of freeing Iran’s blocked assets is underway, and I hope that soon the Central Bank and the Ministry of Foreign Affairs will announce detailed details of the implementation of the agreements to release the country’s blocked assets, and after the official announcement of this news by Minister of Economic Affairs and Finance, there was a great concern among the dealers and speculators of the currency market.
As it seems, with the continuation of positive news, there is a possibility of a further decrease in the price of the dollar in the informal market, which is not pleasing to the currency market dealers. Forecasts indicate that the price of the dollar will decrease further in the coming days. In general, with the stability that has formed in the currency market since the last 6 months, no one is willing to invest and use dollars to maintain the value of their assets.
The announcement of the central bank’s access to the blocked currencies of our country this week led to a drop in the price of the dollar last week, and even though there is no buying or selling in the official currency market during the last few days of holidays, it is expected that the dollar rate will increase in the coming days. It will continue to experience a downward trend and the fall of the exchange rate will begin before the beginning of the autumn season. Of course, since January of last year, with the implementation of the economic stabilization policy by the Central Bank, the price of the dollar in the informal market has been managed around 45 to 50 thousand tomans, and therefore the price of most capital goods has also remained stable, and the markets aligned with the dollar have been relatively calm in recent months. experienced
Full transfer of money and full access to the central bank
Minutes ago, an informed Qatari source in an interview with the Reuters news agency announced the transfer of Iranian assets worth 6 billion dollars from South Korea to bank accounts in Doha. According to this knowledgeable source, 6 billion Iranian dollars have been completely transferred to Qatar and are sitting in Iranian bank accounts. With these conditions, the aforementioned resources are now fully available to Iran, and according to the president’s statement, Iran will use these resources however it deems necessary.
Using the resources released by Iran’s will
It was based on this agreement that the president of our country recently stated in an exclusive interview with “NBC News” that the government of the Islamic Republic of Iran will decide how to spend 6 billion dollars of the money released by Iran from South Korea, and this money will be used wherever it is needed. , it will cost.
Whispers of falling dollars
Subcutaneous changes in the Iranian currency market and the movements of the “owners” were visible to some extent since about a month ago when the news about the transfer of blocked Iranian money came out. But now it has been reported that with the central bank having full access to the 6 billion dollars available in Qatar, the prices in the informal market have started to decrease.
Majidreza Hariri, a member of the Iranian Chamber of Commerce and the head of the Iran-China Chamber, has said in this context that the central bank can take over the power to intervene in the currency market when it has enough currency in its pocket, and fortunately, this is happening. Is.
He emphasizes that surely the central bank can enter the market in various forms from today and everyone should wait for news and positive effects in the currency market.