All the factors in the market have joined hands to witness the severe recession of the housing market in the last four years. The new government faces a major challenge in the housing slump. This stagflation, along with other financial factors, has made the solution to the housing problem seem unexpected in the short term.
The foreign exchange market is going through tense days. Usually at the beginning of the presidency we see a significant drop in the price of the dollar. But in this situation, the situation is a little different from previous years. The outcome of the Barjami negotiations and the relative frustration and prolongation of the Barjami negotiation process have led to a decline in the foreign exchange market. This trend is likely to continue until next month.
In the current situation, Iran's economy is strongly tied to the issue of Borjam. "The nuclear deal will return to its 2015 terms if approved, and this is not what Iran is looking for," Reuters reported. But in the current situation, the economic pressure on Iran has led some to think that Iran will be satisfied with this agreement. With the arrival of the new government, the possibility of an agreement on Borjam has been faced with an aura of ambiguity.
The double exchange rate has always been prone to rent-seeking and corruption in Iran's economic strata. In the current situation where the deadline for imported currency has expired, we are witnessing the largest amount of rent in the supply of dollars in the market. Under such circumstances, the dollar market has entered a self-inflicted inflammation. This could have dire consequences for commodity markets, especially steel iron.
Foreign exchange prices have risen in the past few days due to internal and external factors. The need for a single dollar exchange rate in the current market is strongly felt
Monopoly dollar policy has been an issue for many years by economists as a successful and definitive approach to preserving the value of money and eliminating rents from society. By adopting this policy, many problems such as currency and commodity crises will be eliminated. It seems that this government can use the current conditions to achieve this ideal.
The Tehran Stock Exchange made shareholders happy yesterday with a promising growth. For the fifth day in a row, the value of justice stocks rose. Promises to support the new government's stock market have caused the Tehran stock market trend to be positive over the past week. It remains to be seen how much of these promises will be fulfilled. It is still a little early to judge.
The Tehran Stock Exchange resumed its green path on Saturday after a sharp drop in the index in recent months. Elections and elected promises of the nation regarding the improvement of capital market conditions have been one of the most important factors for the positive markets. Along with the growth of the stock market index, the price of gold has recorded a significant decrease.
In the current situation, we are witnessing rapid fluctuations in the foreign exchange market, especially the dollar. This trend is likely to continue until election day. The price of the dollar these days is affected by the rate of dollar remittances. The most important and key factor is the scattered news of the negotiation process.
A capital market analyst has said that in recent days, new sources of finance have shifted from brokerages and fixed-income funds to buying stocks, and that the market's uptrend has begun logically. Capital market news has reacted positively to recent election news.