Analysis of the effect of the new dollar rate on business

Analysis of the effect of the new dollar rate on business

This article is published with the positive vote of 5 out of 9 members of Mohammad Hossein Adib’s research team. The views of the opponents who believe that the dollar will increase again and then have a heavy fall are published.

1⃣ With the new dollar rate, Afaghaneh’s presence in Iran has become uneconomical, Afaghaneh will leave Iran, 4 million job opportunities will be created for Iranians.

2⃣ With the new dollar rate, the purchase of ornamental gold has no economic justification, 80% of the gold dealers will have to leave the market, the goodwill of the shop, which had risen sharply in the goldsmiths’ market of Tehran, will fall.

3.Thousands of Iranians had taken loans from foreign banks and deposited in Iranian banks, with the new dollar rate, this group suffered greatly.

4. At least 4 million Iranians abroad had invested in the housing sector or other matters in the country, and they feel cheated by the new dollar rate.

5. With the new dollar rate and the suspension of travel currency, the annual departure of 8 million Iranians abroad will be greatly reduced. The business that relies on traveling abroad must be greatly reduced.

9. With the new dollar rate, the employee’s salary does not support the family’s economy

1⃣0⃣With the new dollar rate, earning a salary lost its philosophy as a means of providing living expenses, the motivation of salary earners to work was severely weakened.

1⃣1⃣Coal mines had no economic justification. With the new dollar rate, coal exports have become extremely economical.

1⃣2⃣With the new exchange rate, 70% of the shopkeepers were removed from the market because the sales are 30% as before.

1-3- With the reduction of sales to 30% of the former, the rent should be reduced to a quarter of 1996, but the owners are paying attention to the increase in the exchange rate and want to increase the rent, such owners, in 90% of cases, will not be able to collect permission to rent commercial properties or at least It will be halved or it will not be possible to collect

1.4 Waste industries were extremely profitable in the past, such as the industry of converting plastic waste into products, with the new dollar rate, the export of waste to Turkey has become economical, and the waste industries are unable to provide food, and some of them are on the verge of being closed.

1⃣5⃣With the new dollar rate, the wealth of depositors in dollars became one third

6.1 If someone had three hundred and thirty million tomans in March 1989 and bought an apartment in Tehran, his apartment had increased to one billion tomans in March 1991, the price of this apartment was stable until November 1996, and now it is one billion five hundred thousand tomans. but if it is calculated in dollars, this person had more than 330,000 dollars in March 2009 and now has 150,000 dollars, the wealth of someone who has been in Tehran’s housing sector since March 2018 has decreased from 330,000 dollars to 150,000 dollars is

7. The price of housing in Kerman has not increased in the past year, the wealth of someone who lives in Kerman and bought housing in 2009 has decreased from $330,000 to $100,000 (if the purchased housing is calculated in dollars).

Mohammad Hossein Adib’s footnote on the above analysis:
The views of 4 members of the research team who believe that the dollar will increase again and then a fall is ahead, which is in conflict with the message of this analysis, will be published in the future.

@adibmh

This post is written by FaraDanesh1