- The difference between the free market rate and the official rate of foreign exchange has been one of the conflicts in the capital market which has significantly slowed down the process of foreign investors’ entrance into the country, especially in the past year where the international relations have grown to a great extent. Experts believe that removing such a difference will end in an increase in foreign trading volume, since there are ambiguities over such a rate in companies’ financial statements, which added by removing its related fluctuations will contribute to more transparency in the market. In this regard, the Central Bank’s recent allowance to banks to trade at market rate and acknowledging this rate have been interpreted as a positive signal to create trust in this market. Before JCPOA, exporters had difficulties in bringing their foreign exchanges to the country and if they succeeded, they had to sell them to exchange houses sometimes at lower prices. Experts now believe that this act of the CBI will enable banks to attract foreign resources which itself can reinforce the banking system. Besides, exporters will be able to sell their currencies to banks and keep them in their bank accounts and foreign exchange deals would take place in the banking system and not the black market, which all in all, can promote stability in foreign exchange rate and pave the grounds for unification of foreign exchange rates, too.
- On Wednesday, the last business day of the previous week, the rise in the trading value directed attention to the significant rise in fixed income bonds trades. This demonstrates investors’ more interest in lower risk bonds in comparison with stocks. As statistics prove, trading value started to fall since the beginning of the current Persian calendar year; however, demand for debt bonds (with guaranteed 20% return) has not dropped even under the harshest conditions.