The head of the Currency Exchange Association’s founding board has left the stable door open for inflation rates.
Ali Asghar Samiei, the head of the founding board of the Currency Exchange Association, criticized the currency policies of the thirteenth government, saying to Iran’s Watchdog.
The country’s economic officials have left the stable door open for inflation rates, leading to price surges from housing to food and other necessities.
Letting inflation run unchecked is considered a deadly poison for any economy, but the antidote to this poison is not another poison called currency price suppression. Instead, it is controlling the money supply and not creating money, which is the true and effective antidote for inflation rates.
Considering that 80% of the currency is supplied by the central bank, prices are artificially kept low. However, this is not an economic approach, and it is better for prices to be real. If prices are unified and real, it can be expected that the dollar rate might reach 40,000 tomans.