The turmoil in the currency market is the result of the abuse of speculators and speculators
“Masoud Tavakoli” in an interview with Iran is an economist Regarding the turbulence of the foreign exchange market in the past few days, he said: One of the main parameters affecting the exchange rate is the macro-economy of the country of origin and destination, which is expressed as the parity rate of currencies.
He added: In addition to the main parameters of the countries of origin and destination, political and security risks are two other parameters that are effective in the exchange rate that should be taken into account.
This foreign exchange expert explained: Regarding the political and security parameters, it should be said that when a country enters a war or its interests are seriously affected by the war, the sum of these factors can affect the exchange rate and cause fluctuations and turbulence in Exchange market.
He continued: In this situation, the exchange rate decreases compared to other countries, and the gold rate increases in that country.
Tavakoli stated: In the investigation of the current situation that the currency market has been in turmoil for the past few days, investigations show that the war is going on in another corner and inside the country, the policies of the government and the monetary policy maker seek to maintain economic security inside the country. Therefore, these factors cannot affect the exchange rate, and here only the abuse of dealers and speculators is proposed as an effective option for the turbulence of the currency market.
He added: Speculators and dealers always take advantage of currency fluctuations and people’s ignorance to make more profit and take all their profits from the turbulence that occurs in the currency market.
This foreign exchange market expert said: In the past months, we also saw that with the start of the Al-Aqsa storm and the war in Gaza, some people claimed that the dollar rate would increase significantly, but it did not happen, or after the terrorist incident in Kerman, some people tried to restore the country’s economy. This issue should be tied up and disturb the market, but this did not happen due to the policies of the central bank.
Tavakli said: Therefore, since nothing has happened in the American macroeconomics as the source of the dollar and the country’s macroeconomics (such as liquidity and monetary base) as the destination of the dollar that would cause turbulence in the currency market, we conclude that the hypothesis of abuse by brokers and promissory notes Bazan is acceptable for upsetting the currency market, and with the policies that the monetary policymaker is seriously trying to implement, this plan of speculators will be foiled in the coming days.