Date of Release: 2023-04-13

Fluctuations in exchange rates can cause uncertainty in international trade, which reduces investment in the foreign sector, reduces trade and capital flows, and disrupts the portfolio of financial assets.

, the exchange rate is considered an important component in the country's economic activity because any unreasonable decrease or increase can have side effects on the economy and export and import. The dollar rate in exports is important for this reason, and for this reason exporters want to increase or have the exchange rate high, because if the dollar rate is, for example, 25 thousand tomans, they will receive 250 thousand tomans for the sale of a 10 dollar product, but if If this rate reaches 30 thousand tomans, they will definitely receive 300 thousand tomans, which will bring them more income.

From that side of the story, if the dollar rate decreases, the amount received by the exporter will also decrease according to the new price, so the exporter or importer will each seek to receive the highest income and profit for themselves, also if the dollar rate decreases. Certainly, the exporter will not get a lot of profit, because the fluctuation range of the dollar when it moves down is not good for the exporters and they are not happy about this. But this issue is different in the case of the importer, in the sense that the importer is less affected by the exchange rate than the exporter, because the importer clears any goods he brings from customs at the same rate, taking into account his profit. sells, so the importer has less problems.

If the exchange rate goes down for no reason, the country's exports will definitely suffer, while employment will also suffer from this situation, the result of unemployment is the loss of family welfare, lack of income and inflation, so this is a serious issue and the central bank should follow it in a fundamental way, that is, it should enter into the issues affecting the export and import of foreign currency and in this case reach a conclusion about what currency rate is good for all parties of trade and economy, whether importer or exporter, and If it is intended to reduce the exchange rate, what rate will cause less damage to the country's economy, so the central bank must have a specific plan to realize this issue.