The head of the founding board of the Money Changers Association has left the stable door of inflation rates open.
Ali Asghar Samii, the head of the founding board of the Money Changers Association, criticized the foreign exchange policies of the thirteenth government when speaking to Iran Watch.
The country’s economic officials have left the stable door of inflation rates open, leading to price increases from housing to food and other essentials.
Letting inflation run uncontrolled is considered a deadly poison for any economy, but the antidote to this poison is not another poison like currency price suppression. The real and effective antidote to inflation rates is controlling the money supply and avoiding the creation of money.
Considering that 80% of foreign currency is supplied by the central bank, prices are artificially kept low. However, this is not an economic practice, and it is better for prices to be real. If prices are unified and real, one can expect the dollar rate to reach 40,000 tomans.