Friday 15 May 2020

The central bank's subcutaneous move in offering expensive currencies to exchanges






The central bank's subcutaneous move in offering expensive currencies to exchanges
                                           
 Dr. Albert Baghzian

The central bank has been weak in organizing the foreign exchange market for some time, and with some unprofessional actions such as raising the exchange rate of banks, unfortunately, it is trying to increase the price of foreign exchange in the market.

Albert Baghzian stated that the government intends to collect large amounts of liquidity through the prosperity of the capital market, currency, coins and cars. They have left it open to everyone to invest in this lucrative market, and in this way, their capital will be obtained by buying stocks of state-owned companies, etc., through the stock exchange, but also by increasing the price of currency and cars. In the market, the green light shows. An example of this is the increase in car prices and the types of currencies, which the central bank itself, by raising the exchange rate of banks, always paves the way for the increase in the price of currency for free market participants.

Before organizing the foreign exchange market, this bank has been considering the supply rate of foreign exchange as a crawling currency for several days. Are increasing.

Baghzian added: "The increase in car prices has a significant effect on increasing the price of goods in the market. In such circumstances, the price of currency will also increase as a tradable commodity in the market." For example, when the price of domestic cars rises, the price gap between foreign and domestic cars deepens, and this has a significant impact on the rise in the price of the currency.

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