A member of the Budget Bill Joint Commission in an interview with EghtesadOnline:

40% increase in the price of subsidized gasoline / Currency will be unified

A member of the Budget Bill Joint Commission for 2025 announced that we are moving towards a unified currency rate.

News ID: ۲۰۰۰۴۰۸

03 December 2024

Jafar Ghaderi, a member of the Budget Bill Joint Commission for 2025, stated in an interview with Eghtesad Online regarding currency fluctuations: "The exchange rate is not solely influenced by currency policies; as long as economic activities are not managed properly, we cannot control the exchange rate. For example, if the country's production becomes competitive and we manage markets in such a way that currency does not turn into a capital commodity, and on the other hand, if we organize the housing and automotive markets, the currency will also be managed."

He pointed out the impact of external shocks on the currency market, saying: "It is natural that external shocks can also affect the exchange rate, but the main part relates to strategy and development policies; if the policies we implement are correct and logical, external and internal shocks should not have much impact on the exchange rate. However, when they do have an effect, it means that our economy is susceptible to such shocks; thus, we need to increase economic resilience and resistance."

Ghaderi continued: "Any internal or external shock can disrupt the market, and we usually see a cascading effect in some markets; that is to say, if there is a price increase in certain goods, reversing that decline is very difficult and not easily achievable."