Oct 31, 2001, 12:01 AM
News Code: 9033443
0 Persons
system forex single-tier a over controversy on reports Press and Economy of Minister the by Comments -- IRNA 31, Oct Tehran, Iran of Bank Central the of Governor and Mazaheri Tahmasb Finance a establish to policy government's the regarding Nourbakhsh Mohsen at explicitly be to proven have system exchange foreign single-tier .odds Daily' `Iran newspaper English-language the of edition Tuesday The whose Mazaheri, with side economists of majority a still, that wrote the with consistent and reasonable more as regard they viewpoints .system economic sound a of principles proposed chief CBI the week, last reporters with views his Sharing in set be to -- dollar .S.U for rate parity appropriate most the that about rials, 7,900 is -- year next of as system forex single-tier a .rate exchange market open present the than less rials 150 help would rate this that idea the supports strongly Nourbakhsh leave not would it that pledging situation, present the stabilize .society the on impacts psychological negative any of soundness the over skeptical absolutely is Mazaheri Conversely, in months several determined is that rate exchange single-tier a Day, Exports the of sidelines the on made address an In .advance one no that mean we system, single-tier a ``by that clarified Mazaheri exchange currency foreign future on speculate to able be would ''.rates .``Mr said, he topic, the on remarks Nourbakhsh's to Pointing he and this on analysis personal his presented only has Nourbakhsh ''.clarifications further make to needs more as deemed he views two the of one which about Asked prominent circumstances, economic present the for appropriate Eqtesadi', `Abrar-e daily the told Rashidi, Ali .Dr economist, fixed a at rates exchange foreign keep to unnatural is it ``Basically, factors variable the to counter runs it as avoided be should and level and ups economic by affected are which demand, and supply as such floating a have that countries in recorded are changes Daily .downs ''.economies their of adjustment helps this and system forex in dealing those especially -- exporters Iran, ``In on, went He special at currency hard stabilizing prefer -- items traditional forex keeping of policies CBI's The .1994-98 during did it as rates, are manufacturers to facilities forex reducing and high rates parity ''.employment hence and development industrial against by instigated smuggling, and brokerage in rise the said Rashidi international the at those and goods contraband between gap price forex free ``Conversely, .question under policy CBI's the put markets, goods of prices cut rates, parity in drop a cause would fluctuations of costs the Similarly, .consumers of advantage the to work and of competitiveness the improving down, go will production industrial employment better a to leading and abroad industrialists Iranian .elaborated he exports,'' increasing by status Ghaninejad, Mousa .Dr affairs, economic in specialist Another parity single the determine should that market open the is ``It said, a fixes government the if system single-tier a have cannot We .rate ''.another with up comes market open the while rate determined be eventually will rate forex the ``So added, He its peg to decides government the If .mechanism market through it dollar, US per rials 8,000 or 7,900 of rate parity a at revenues should it However, .market open the at rate going the adopted has major undergo prices market the if rate, this on insisting avoid ''.future the in fluctuations BG/AH End