ناسوتی فرد

Bourse is influenced by numerous factors such as the fluctuations in price of commodities; but the major subject is the policies held against the currency exchange rate’s stability in the country.

Tehran, Dec. 02 (SENA) – Mohammad Mahdi Nasouti Fard, in an interview with SENA, also stated: Naturally the main part of the Capital Market is dependent to the global prices and the currency exchange rate, and from the major industries that are effective in petrochemicals and other groups, to minor industries have direct relationship with these prices; thus an increase in the price results in growth and vice versa.

He added: In the past that exporting petroleum or its products was possible, the currency exchange rate was in control and low. On the other hand, uncontrolled import resulted in damage for the interior productive sites, but in the boycott period that pressure was put on the country, the dollar exchange rate increased and exports confronted huge ovation.

This Capital Market expert continued: In the few years that petroleum sale was almost impossible, the production sites and the export of their products were the white point of the country and decremented the pressure from the boycotts; the developments in export-oriented companies resulted in profitability and their acceptable conditions that also confronted ovation in the Capital Market.

Nasouti Fard claimed global fluctuations as significant and effective in bourse, but also reclaimed the held policies against the currency exchange rate’s stability as vital and more important.

He, mentioning about the dollar exchange rate in the upcoming year’s budget, uttered: In my opinion, it is of no importance, because there is no us in it and it is just as something formal; the main element that influences the economy is the rate from government’s currency and in the free market; a system that its establishment is necessary for the country and the exporters are obligated to thoroughly return currency to the country.

As Nasouti Fard cited, tracking this issue and the persistence of the correct currency-related policies are the most important factors for the country’s economy.

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