Tuesday, 12 May 2020

The increase in the price of the dollar to close to 17 thousand tomans




The increase in the price of the dollar to close to 17 thousand tomans

Today, in bank and authorized exchange offices across the country, each US dollar banknote was bought from the people at the rate of 16,400 Tomans and sold to the applicant at a price of 16,500 Tomans, which was 300 Tomans more than the previous day. Also, each euro banknote in these exchanges was bought from the people at the rate of 17,800 Tomans, and with an increase of 300 Tomans compared to Saturday, it was sold to the applicant at a price of 17,900 Tomans. The increase in banking exchanges came at a time when the dollar and the euro were rising in the open market. At present, in free market transactions, each US dollar banknote has reached the rate of 16850 Tomans and each Euro has reached 18150 Tomans.

Hemmati: Foreign currency banknotes are unprecedented

Abdul Nasser Hemmati, Governor of the Central Bank, said yesterday at a meeting of the "Banking System and Production Leap" that was held in the presence of the First Vice President, CEOs of banks and members of the Board of Directors at the Central Bank: We have no problem. Although it is natural that we do not have foreign exchange earnings as before, of course, many countries that are not under sanctions are worse off than us. Hemmati added: "Currently, our country's foreign exchange bank reserves are unprecedented in the last decade, we have removed and added them for the days ahead." In this situation, exporters are a good help to us, and we have certainly considered supportive and encouraging arrangements for exporters to export more and return export currency. We hope that exporters will help the most this year.

Monday, 11 May 2020

The price of seven million coins is unbelievable for many of us





The price of seven million coins is unbelievable for many of us. Is it possible for a coin that was six million and 200 thousand tomans two weeks ago to reach the channel of seven million? To see if the price of a coin has a bubble, we need to calculate the real value of each coin. When there is a difference between the price of a coin and its real value, we have to wait for it to become cheaper sooner or later, otherwise all hopes will be dashed.

According to Fararo, the real value of the coin goes back to the gold used to make it. Factors such as the value of each ounce of global gold and the dollar rate determine the true value of a coin. Each coin has 8.13 grams, or so-called gold shops, eight grams and 130 gold coins. The gold used to mint coins has a grade of 900 by 1000. That means 900 grams of pure gold per kilogram of gold coins. For this reason, the gold coin of coins is higher than the standard gold of the ordinary gold on the market (18 carat gold) and is 21.4

Sunday, 10 May 2020

After increasing the price of Pride to 90 million Tomans




After increasing the price of Pride to 90 million Tomans in the open market, the head of the Competition Council announced that according to the new instructions, the official selling price of this car will increase by 20%.

Reza Shiva said that the current car market "is false and only a few people have affected this market."

Abbas Tabesh, head of the Consumers and Producers Protection Organization, also said that inadequate production disrupted supply and demand.


Saturday, 9 May 2020

Rising average rents compared to average incomes





The Statistics Center of announced on Monday, May 6, 2009 that the average rent for housing has increased by 31.6 percent. This increase in the last two years has been the highest growth in housing rents in Iran. Housing rents are rising and incomes cannot compete with rent growth. Rising average rents compared to average incomes have also helped the poor middle class, let alone ...

Friday, 8 May 2020

gheymathaye felezate geranbaha






The latest Instagram post of the Governor of the Central Bank

 1️⃣ The efforts of the Central Bank and government assistance, as well as the efforts of banks to improve the balance of their balance sheets, have put the country's monetary and exchange rate conditions in a better position than they were two years ago.

 2️⃣ The conditions of the capital market have provided a good opportunity to improve the financing conditions along with the budget deficit, by offering stocks of surplus enterprises and property and, most importantly, the targeted and managed issuance of debt securities, both of which are anti-inflationary.

 3️⃣ It must be acknowledged that our country's economy is going through hard and at the same time decisive days. I am sure that these difficult conditions can be managed.

Heavy fluctuations in global gold ounces?





Heavy fluctuations in global gold ounces?

Given the heavy volume of global gold trades in recent months, we should expect a sharp drop or a very sharp rise in prices, but the latter is more likely.

Thursday, 7 May 2020

The Turkish lira reached its lowest value against the US dollar




The Turkish lira reached its lowest value against the US dollar on Thursday since the 2018 financial crisis.

On Thursday morning, the US dollar traded at 7 lira and 24 crores.

The Turkish currency has lost 17 percent of its value this year, according to Reuters.

Last year, the Turkish lira lost 40 percent of its value against the dollar, largely due to escalating political tensions with the United States in 2018.

For the past five years, the Turkish lira has always lost value. In 2015, each US dollar was worth 2.5 Turkish lira, and since then the value of the lira has risen by almost a third.

The devaluation of the lira is again due to reports of foreign currency injections by the central bank into the market to preserve the value of the lira and reduce the country's foreign exchange reserves. The country's currency is at a good level.