دلار

Examining of foreign exchange market in the first month of winter indicates reversal of foreign exchange index to the range of twenty-five thousand tomans.

IBENA - At the beginning of last winter of the century, market participants were watching US dollar channel break and negative return on the price of American banknote in foreign exchange transactions. As view of traders and economic experts, several reasons such as increasing supply of foreign currency in the form of banknotes and remittances, strong and smart presence of market maker, positive news from JCPOA revival negotiations, lowering inflation expectations, etc., play an important role in reducing of US dollars.

Fall in the price of dollar and other currencies in January, while US dollar exchange rate was already in range of twenty-five thousand tomans in August of this year, and then it recorded an upward trend until in January, the process of adjusting the exchange rate, especially dollar, began. Change the price of dollar to the range of 25 thousand tomans According to the rates recorded in Currency Monitoring System (SANA) system (weighted average exchange rate), price of US dollar in the ninth month of the year while in the range of 27,400 tomans. Gradually, it was accompanied by a gradual decline, and finally at the end of January, it reached 25,700 thousand Tomans, which is a decrease of about 1,600 thousand Tomans compared to the beginning of January.

The downward trend in foreign exchange prices has been going on in the past month, while according to economic experts, supportive view of policymakers to facilitate non-oil exports and return of currencies from exports has increased the supply of foreign exchange, especially dollar, in Nima system. So that the supply of currency in Nima system since the beginning of the year has reached more than 23 billion dollars; That is 67 percent more than last year.

More than 270 percent increase in the supply of dollars in organized foreign exchange market
On the other hand, in organized foreign exchange market as a place of foreign exchange trading in the form of banknotes, such as the Nima system, we have faced an increase in supply. According to the Governor of Central Bank, during the mentioned period, 1.5 billion dollars of foreign exchange supply has been registered in organized foreign exchange market, which has increased by 274 percent compared to last year.

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