What is the difference between the new policy of the central bank and the currency of 4200 tomans?

Mohammad Reza Mousavi; Regarding the difference between the exchange rate of 4,200 tomans and 28,500 tomans, the money and currency analyst said: The currency of 4,200 tomans was supposed to be allocated to all needs from the time of its establishment, but in August 2017, the officials came to the conclusion that it was possible to continue. This policy does not exist, so they limited the currency of 4,200 tomans to 25 items.

He added: 28,500 tomans currency is allocated to basic goods and machines, unlike 4,200 tomans currency, so there is a difference between these two policies.

Mousavi said: During the previous president’s term, there was no supervision of the informal market, that’s why the preferred currency failed, but in the new presidency of the Central Bank, the policy of fixing the Nima rate was taken into consideration along with the control of the informal market.

Stating that a large number of demands formed in the market are not favorable, the money and currency analyst said: In the new policy of the Central Bank, fixing the dollar rate was taken into consideration along with the control of the informal market, this factor is the difference between the new policy and the currency of 4,200 tomans. Also, for the dollar rate stabilization policy to be successful, we must manage the informal market.

In response to this question, what effect does the stabilization of the Nima rate have on the economy? He stated: These days, we are facing high inflationary expectations in the economy, this issue causes speculation and blurring the future vision, therefore, it is necessary for policymakers to create confidence for producers and importers so that they can easily meet their foreign exchange needs in the Nima system. do

Mousavi clarified: due to the existence of some problems, importers are forced to receive their currency from the informal market, and this leads to instability in the exchange rate and imposes demand on the informal market, therefore, in addition to stabilizing the exchange rate, There should be reforms in the currency system.

In the end, he emphasized: the prices of goods are affected by the dollar rate, sometimes this effect is real and sometimes it is caused by expected inflation. We will witness stability in the markets.

Ibna