Radar Telegram alerts Open Radar

The Fars news agency, which is affiliated with the Islamic Revolutionary Guard Corps, reported that the central bank plans to exclude importers of cars and mobile phones from the official foreign exchange market. This decision was made in a situation where the currency crisis and the limited access to sources of foreign exchange increased the pressure on Iran's economy. Ahmed Alavi, a professor and economist at the university, said that this action not only does not solve the currency crisis, but by limiting competition it leads to higher prices, a decrease in the quality of goods and a weakening of economic growth. According to him, the structural problems of Iran's economy will not be solved by such temporary decisions and consumers will pay the most.

תרגם לעברית

Iran International (FA) · · Source

🇮🇷 Iran · Map

The Fars news agency, which is affiliated with the Islamic Revolutionary Guard Corps, reported that the central bank plans to exclude importers of cars and mobile phones from the official foreign exchange market. This decision was made in a situation where the currency crisis and the limited access to sources of foreign exchange increased the pressure on Iran's economy. Ahmed Alavi, a professor and economist at the university, said that this action not only does not solve the currency crisis, but by limiting competition it leads to higher prices, a decrease in the quality of goods and a weakening of economic growth. According to him, the structural problems of Iran's economy will not be solved by such temporary decisions and consumers will pay the most.

The Fars news agency, which is affiliated with the Islamic Revolutionary Guard Corps, reported that the central bank plans to exclude importers of cars and mobile phones from the official foreign exchange market. This decision was made in a situation where the currency crisis and the limited access to sources of foreign exchange increased the pressure on Iran's economy. Ahmed Alavi, a professor and economist at the university, said that this action not only does not solve the currency crisis, but by limiting competition it leads to higher prices, a decrease in the quality of goods and a weakening of economic growth. According to him, the structural problems of Iran's economy will not be solved by such temporary decisions and consumers will pay the most.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram