What is the "Land Cruz currency" and how is the import of a luxury car used as an excuse for the rise of the dollar?
Ruhallah Yazdaka, member of the Parliament's Economic Committee:
At the time when we had a semi-agreed currency, there was talk of another currency in the market, called the "Land Cruise currency"; That is, some importers set the foreign exchange price by calculating how much profit they would have made today if they had imported a Land Cruiser a few years ago instead of the current product. This shows that importing a luxury car is not meant to meet the needs of transportation and family welfare; Instead, it can become a tool for seeking profits and justifying higher exchange rates.
The importer says that I have brought my own export currency and I will sell it at any price I want on the open market; And then they use that demand as a basis to justify the higher dollar rate. Finally, the government can hide behind the title of free market and attribute the increase in the exchange rate to supply and demand; Although it is necessary to ask what goods this demand was created and with what advantages for the country's economy.