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What effect does the removal of the preferred currency have on drug stocks?


According to Tejarat News, what effect does the removal of the preferred currency have on the stocks of medicines?

Young Journalist Club Mehdi Todoodi wrote: “So far, the preferred currency of a number of pharmaceutical symbols in the stock market, such as Darhavard, Dexapsule, Defra and Daghazi, has been removed.” So far, the government has gradually eliminated the currency of packaging materials and replaced it with the currency of food supplements and finally a number of medicines. The government has put the policy of eliminating the 4200 currency on its agenda, which I think will continue its policy of eliminating the preferred currency in stages.

According to the capital market expert, in 1400, the pharmaceutical industry index had a downward trend that if the government completely removes the preferred currency from the industry in 1401, it will increase the rial profit of these companies, which will eventually lead to an increase. The return of this industry will be for the shareholders and the positive index of this industry. But the government has not yet provided a clear infrastructure to support the consumer and eliminate the industry’s preferred currency, and the issue remains unclear.

“The pharmaceutical industry is at risk of liquidity, which requires a lot of working capital by eliminating the preferred currency of manufacturing companies,” he said. This requires the government to provide low-interest facilities to these companies.

Another risk of this industry is exchange rate fluctuations. Due to the fact that part of the raw materials of the country’s pharmaceutical industry is supplied from China and India, and currency fluctuations can be to the detriment of companies. Another risk is the impact of external factors. At present, due to sanctions, companies can not import raw materials easily and companies face problems.

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