How Far Will the Dollar Price Fall? | Will the Central Bank Pass the Currency Market Management Test?

After successive tensions, the dollar has been correcting for a week, declining steadily. This comes alongside the rollout of new currency policies, making it a test of their effects.

After successive tensions, the price of the dollar has been on the mend for a week and its height is decreasing day by day. This happened at the same time as the implementation of new foreign exchange policies and has become a test to measure the effects of these policies.

According to Ambassador Arjan's report, Iman Zanganeh, an economic expert, said in Ambassador Arjan TV's "Parkway" program, "The set of measures and policies of the Central Bank have led to a decrease in the exchange rate, but to evaluate the sustainability of this trend, the economic conditions and the pressures caused by the war should also be considered."

He added: Some of the factors that increase the exchange rate are beyond the authority of the Central Bank. Economic pressures, concern about the economic blockade and media creation about the collapse of Iran's economy intensify inflationary expectations and affect the behavior of people and economic activists.

According to him, the frequent publication of news about money printing and economic collapse can also increase uncertainty and inflame the markets.

Referring to the performance of the Governor General of the Central Bank, Zanganeh said: Hemti's experience in economic and monetary fields and his timely reactions to developments are important in managing expectations. The considered and timely comments of the monetary authority can help to calm the society and the market; Because the expectations and perceptions of economic activists play an important role in currency developments.

This economic expert also said about the supply of 10,000 dollars to applicants: the continuation of currency supply at higher prices and demand management assures the market that it is possible to access the currency. In such a situation, by reducing the concern of lack of currency, the motivation of emotional purchases is also weakened.

Pointing to the difference between this approach and the mandatory rates of the past, Zanganeh said: continuous and transparent supply of currency can prevent the formation of long queues and intensification of emotional demand. Continuation of this policy and proportional allocation of currency, if the necessary conditions are maintained, can help strengthen the effectiveness of the intervention and continue the downward trend of the exchange rate.

In the end, he emphasized the necessity of maintaining economic stability in war conditions and said: In addition to supporting the policies of the central bank to maintain the value of the national currency, managing costs and avoiding unnecessary currency demands can also help reduce pressure on the market.