Freeing up foreign exchange transactions and smuggled dollars
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Criticizing the policies of the government and the central bank in the foreign exchange market, a member of the parliament’s economic commission said: “With the abandonment of the foreign exchange market, the people who determine the dollar rate are smugglers, brokers and speculators, and the government has transferred the free market rate to the official economy and the people’s table by leaving the determination of the rate to the agreement of the exporter and importer.”
Hossein Samsami said about the reasons for the increase in the price of the currency and what happened that the price of the currency suddenly reached over two hundred thousand Tomans in the past few days: When we have no rules on our most important economic variable, which is the currency, it is clear which direction we are going.
Currently, the currency rate determiners in the market are smugglers, brokers and speculators
A member of the Economic Commission of the Islamic Council recalled: More than 90 years ago, some economists, when talking about asset ownership, said currency and currency ownership; It means someone who has currency and the nature of currency is different from the usual goods. But some of our friends say that currency is like other goods, it is like watermelon! But experts say that currency is different in nature, why is it different? Because when there is a change, the whole livelihood of the people will be disrupted.
He reminded: In our currency system, we have stated that currency management should be floating, that is, it should be managed in a floating manner. However, we do not manage it and it is abandoned.
Samsami noted: What is happening? Currently, the currency rate determiners in the market are smugglers, brokers and speculators. They see that a series of severe sanctions have recently been imposed on us, so what are they doing? They buy and sell currency and increase the price to 200 thousand tomans and above. If we had a set of rules, we could manage market fluctuations.
We bring Trump’s game to the people’s table
He stated that according to the law, any type of currency purchase and sale outside of the authorized exchange network of banks and the central bank is smuggling and like the purchase and sale of drugs, he emphasized: the government should come in and stop this. But not only did we not do it, but we gave it official status. How did we recognize it? We do not deal with it. Therefore, when a shock comes and someone comes and says: “secondary sanctions have become severe” when buying and selling is also free, it is clear that the rate will go up.
This member of the Economic Commission of the Islamic Council added: Now where is the disaster? This is where, when the exchange rate rises in the free market, the central bank illegally says, “The exporter and importer should agree on the exchange rate.” They also come and agree based on the free market rate. How much do they agree? For example, if the currency in the open market is 205 thousand tomans, the exporter and importer agree on 200 tomans.
He clarified: Our commodity exchange will come tomorrow and announce the price of 160,000 tomans and 170,000 tomans, and our importer will announce the price of 200,000 tomans, so what Trump wants will happen. It means that now we are bringing Trump’s game to the people’s table. Trump comes and shocks the market with a piece of news, and this shock is transferred to the people’s table through us, that is, the officials in the government.
A stronger inflationary wave is coming
Samsami said: When the US Treasury Secretary announces that the secondary sanctions will begin tomorrow and that no one has the right to have economic transactions with Iran, not in the form of smuggling, money laundering or other cases, and anyone who does this will be removed from the dollar cycle, this will create a wave of expectations in the market.
He added: This wave of expectations raises the exchange rate in the free market, smuggling and other illegal things; A market that is completely illegal, but the behavior of the government, that is, the central bank and the government, is such that this rate has been removed from the illegal state and formalized.
A member of the economic commission of the parliament said: Considering that the central bank has allowed the exporter and importer to agree, the rate of 204-205 will be placed on the table of the people, and then this rate will increase and this inflation will be permanent on the table of the people.
He pointed out: Our economy has not yet been affected by the exchange rate of 180,000 Tomans that we have had in the last one or two months, and we should expect a more intense wave of inflation, and this disaster is taking shape in our economy. In the letter we wrote to the president, we said, Mr. President, this is not the way and we showed him the right path.
The claim of success of the Islamabad agreement is that its clauses were not implemented
In response to the fact that it is said that psychological issues affect the price of the currency, but today, when the discussion of negotiations is again on the table and despite the positive efforts of the mediators, we are witnessing an increase in the price of the currency, he said: Negotiations with America will be successful when you (Iran) surrender.
He continued: When will you surrender? When America says “Give up the strait”, “Give up nuclear power”, “Give up missile power and reduce its range”, “You must give up your oil”; Then it interferes in your behavior and communication with the world, and then it does other actions. Therefore, negotiating with America means giving up.
This member of the Economic Commission of the Islamic Council noted: Negotiation is a game. Today some say that Asim Munir’s presence was successful, what kind of success? The peak of our success was the Islamabad agreement that Trump and our president signed; Did it run? They even wrote this memorandum and sent it to us in the parliament, were its clauses implemented? no
This member of the economic commission of the parliament said: the council of information
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