Exchange rate and devaluation of Rial

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1 minute
-Monday 2024/10/21 - 18:06
News Code:6498
Video file

Suri: The parity rate of Rial and Dollar is not so important; It is the change in this rate that matters.

Controlling the inflation rate should be one of the important goals of the government; For this, the government must control its expenses.
Every year we should expect to see a fraction of the inflation rate in the increase in currency prices.
The existence of foreign exchange reserves for the country always encourages the policymaker to continue the wrong policy of controlling the exchange rate.

The full video of the conversation with Dr. Davood Suri, economist on Rumble Abdi Media channel:

https://rumble.com/c/c-6797570

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