IBENA - Yahya Ale Esghaq, head of the Iran-Iraq Joint Chamber of Commerce, said in an interview with IRNA reporter regarding the elimination of preferential foreign exchange and the implementation of a single exchange rate policy: "Moving toward a unified exchange rate in the current conditions of the country was an absolute necessity."
He said that in recent years, the conditions of the foreign exchange market, production, and other economic issues have reached a point where change and transformation in foreign exchange policies and the implementation of a single exchange rate have become a primary economic necessity.
He added: "Almost all governments and Central Bank officials have recognized the importance of unifying the exchange rate and eliminating preferential foreign exchange, but serious decision-making regarding this move came with risks and consequences, which led some officials to consider the general situation and seek solutions with minimal damage."
Ale Esghaq emphasized that the unification of the exchange rate was a very correct decision, and said: "Of course, this move has certain requirements, and ways must be considered to compensate for the consequences of this move in various sectors such as production, people's livelihoods, and other areas, and appropriate measures should be on the agenda accordingly."
The head of the Iran-Iraq Joint Chamber of Commerce, highlighting the importance of managing the consequences of the single exchange rate policy for its success, stated: "If we can effectively manage the consequences of this policy, especially in the economic and people's livelihood sectors, we can witness the positive impact of implementing this policy in the country's economy."
Referring to the fact that the main problem of production units currently is the availability of liquidity, he said: "Fortunately, in meetings held at the Central Bank with the presence of the government's economic team, programs to provide greater support for people's livelihoods and economic entrepreneurs are being discussed and decided upon, which should continue."
