Mohammad Sadegh Mofateh, Deputy Minister of IT and e-commerce in ministry of Industry, Mining and Trade, believes the current Rial Dollar exchange rate will be reduced in near future.
The currency crisis in Iran has been escalated in the last month while Iranian Rial lost two third of its value against U.S. Dollar in only two weeks. In order to moderate the currency price in free markets, Iranian government in cooperation with Central Bank of Iran opened a new foreign exchange center. Rial Dollar exchange rate in this center is prices 2% less than its price in free market. Analysts blame government for opening this center because it shows that Iranian government has accepted the high price of Dollar in free markets. Before beginning of the crisis, Rial Dollar exchange rate was only 20,000 but it increased to 35,000 in two weeks. Now the center which runs by government set the exchange rate on 27,000.
“I don’t agree with the theory that says CBI has accepted the Dollar rate in free markets. According to the process running in this forex center the Rial Dollar exchange rate will be reduced stage by stage because the policies of this center affect on the prices in free markets.” Mohammad Sadegh Mofateh said.
“Importers and people who are looking to buy foreign currencies are not restricted by this project. They can also go with certified exchangers and buy their needed currencies.” Mofateh added.