Will prescriptive car pricing end?

According to Tejarat News, the supply of cars in the commodity exchange was suspended on June 18 at the request of the Ministry of Industry, Mines and Trade. At that time, the Director of Inspection and Member Affairs of the Iran Commodity Exchange had announced in a letter to the brokerage companies that despite the preparation of the necessary infrastructure to carry out car transactions in the Commodity Exchange, according to the letter of the Vice-Chancellor of Transport Industries of the Ministry of Security regarding the approvals of the 60 And the third meeting of the Supreme Council of Economic Coordination, the supply of cars in the commodity exchange is suspended.

Yesterday, Mohsen Alizadeh, a supervisory member of the Supreme Council of the Stock Exchange, wrote in a tweet: The Supreme Council of the Stock Exchange and Securities approved the sale of cars in the Commodity Exchange today with the coordination of the Ministry of Security.

What is the advantage of offering a car in the commodity exchange?

Mojtaba Diba, an expert on financial markets, said in a conversation with Tejarat News: “A few weeks ago, the sale of cars on the commodity exchange was supposed to be implemented.” But with a letter from the Ministry of Industry, it was stopped and later, with the explanation of experts, it was agreed that the car will be offered in the stock market.

He continued: On the other hand, the Stock Exchange Organization had a policy that agreed to coordinate with the Ministry of Privacy to eliminate the car lottery. The main idea was to reduce the role of the broker and eventually disappear and create some kind of transparency. This issue arises due to supply and demand in the stock market.

This financial market expert states: The most important achievement of the car supply in this commodity market is that the mandatory pricing is removed from this commodity. This will lead to the development of the automobile industry and if this issue is applied to the financial statement of the automobile industry, the small shareholders can benefit and the loss of the small shareholder will also be reduced.

Diba explained: Currently, only domestic cars are offered in the stock market, and foreign cars may also enter the capital market over time. The supervisory body should also work on these issues with a better perspective, previous experience has shown that the supply of cars in the capital market can reduce the price of these products and increase cash flow.