The currency and gold exchange market will be opened in February

Mohammad Reza Farzin said on the sidelines of the Sunday evening meeting of the Consolidation Commission of the 1402 Budget Bill: In this meeting, I presented a report on currency and monetary policies for the coming year, of course, the chairmanship of the Consolidation Commission also requested that we have an estimate of the effects of the budget on next year’s inflation. God willing, this report will be presented to the commission in the next meeting.

The Governor of the Central Bank emphasized: As we have already announced, currency policies are within the framework of economic stabilization policies, and God willing, we will include these items in the budget this year so that these policies will be followed next year.

Farzin added: As stated before, in the Nima system, we have set the average exchange rate of 28,500 tomans as the basis for buying and selling currency, and in the first half of February, we will also open the currency and gold exchange market so that the rest of the service needs can be met in this market. Provide people’s currency. God willing, we will move towards a direction where all official currency and banking needs are met in the exchange market and Nima system.

In response to a question about whether this policy will be contractionary or expansionary, he said: This question should be answered by the Planning and Budget Organization, but about whether the policy will be expansionary or contractionary? I must say that we believe that policies should be in line with economic stabilization policies, so if these policies are strongly expansionary, they will definitely not lead to stabilization, and if they are strongly contractionary, we will also have problems with growth. May it help us in economic stabilization in the coming year.

Regarding his promise to the representatives to try to reduce the inflation rate in 1402, the Governor of the Central Bank said: In the Consolidation Commission, I said that next year’s inflation has two wings, one wing is the budget, which is in the hands of the Parliament and the government, and the other wing is policies. It is the central bank. In our policies, we definitely try to reduce inflation with monetary discipline in banks, but in financial policies and policies that are included in the budget bill, including policies in the field of income and expenses, they should also help us so that we can reduce inflation next year. reduce