7 factors behind the 15,000-toman drop in the dollar price
The dollar rebounded to the 257,000-toman range after a 6% decline over the past few days, falling by 15,000 tomans. If the Central Bank's policies continue and inflation expectations are controlled, the downward trend in the dollar price is likely to persist.
In the past few days, the price of each dollar returned to the range of 257 thousand tomans with a 6% decrease and decreased to the equivalent of 15 thousand tomans. It seems that if the policies of the central bank continue and inflation expectations are controlled, there is a possibility of the continuation of the downward trend in the price of the dollar.
According to Ambassador Arjan, the price of each US dollar, which had reached the range of 272 thousand tomans 10 days ago, faced a decline in the past few days under the influence of 7 important factors.
The retreat of the dollar happened in a situation where several currency and regulatory policies were implemented at the same time. The increase in the supply of official currency, the provision of currency for essential goods, the limitation of speculation routes and political signals have put a series of decreasing factors in front of the market.
According to experts, the simultaneity of some foreign exchange policies along with the official supply of currency can help to adjust the expectations of increase. If these conditions continue, the ground will be strengthened for the stabilization of the dollar at lower levels and the continuation of a calmer atmosphere in the currency market.
Closing the rate-making path in the virtual space
Dealing with rate-making channels and restrictions on cryptocurrency transactions is one of the tools to curb emotional fluctuations. According to published reports, 51 pages active in the field of false currency pricing have been identified and 24 pages have been banned. Also, in October, restrictions were imposed on Tether transactions on cryptocurrency platforms. These measures can reduce the impact of unrealistic rates and emotional waves on the cash market.
Stop selling gold online in the banking network
The Central Bank has banned banks and credit institutions from providing online buying and selling services of gold and silver. This decision limits the use of the banking platform for quick entry of resources into online gold transactions. Controlling access routes to speculative markets can help manage emotional demand and reduce the escalation of volatility in the asset market.
$10,000 supply; A clear message to the market
The beginning of the sale of currency up to 10,000 dollars per national code in five selected banks showed that the official issuance of banknotes is still one of the market management tools. At the same time, the sale rate of dollars in the national exchange has decreased from about 258 thousand tomans to 253 thousand tomans, according to the announced rates cited in this report. Supplying currency at a lower rate than the open market can help moderate bullish expectations and signal to buyers that an official route is available to secure currency.
drug currency; 28% increase in supply
The supply of medicine and medical equipment from the beginning of this year to October 14 has reached about 2 billion 993 million dollars; A figure that shows a growth of 28% compared to 2 billion and 330 million dollars in the same period of the previous year. The continued supply of foreign exchange for medicine and essential goods is a sign of pursuing the real needs of the economy through the official path. Covering these needs can prevent the intensification of emergency demand in the currency market.
Judicial and security dealings with speculators
Dealing with brokers and illegal currency transactions is also on the agenda. According to Faraja's announcement, the head of a paper and tomorrow transaction case along with 10 people related to it have been arrested. Dealing with bogus transactions and unauthorized activities can increase the cost of speculation and reduce the capacity of brokerage networks to generate short-term bullish waves.
political signal; Accepting part of Iran's conditions
Mohsen Rezaei's statement about the acceptance of part of Iran's conditions by the US is another news that affects market expectations. Although he considered America's response insufficient and spoke of remaining ambiguities, publishing the news of accepting part of the conditions can reduce the intensity of concerns about high-risk scenarios if the political path continues. In the foreign exchange market, the perspective of political developments is one of the important factors determining the behavior of buyers.
25 billion dollars; Currency supply support
The head of the central bank has announced that since the beginning of this year, 25 billion dollars of foreign currency has been provided for production and the downward trend of the growth of the dollar rate will continue. This position, along with the statistics of currency supply, has an important message for the market, and that is that the policy maker emphasizes on the continuity of supply and management of fluctuations. Continuity of supply of foreign currency required for production and import can reduce the pressures caused by the lack of supply and help to calm the trading environment.