shawwal and april 22 will be noon in tehran at 12:00 and maghrib azan will be at 193:00. thank you for your attention and companionship with this news series, dear compatriots. have a good day. in the name of allah, the most merciful, the most merciful, good morning and welcome to the news of the capital market. it

is possible to use gam papers to pay debts to executive bodies. according to the announcement of the central bank , this year, 350 thousand billion tomans are expected to be financed through financing tools. this figure includes 20,000 billion tomans of gam bonds for economic stations of 20,000 billion tomans gam papers for the companies of scientists are 50 thousand billion tomans welfare cards connected to gam papers and 80 thousand billion tomans in the framework of electronic bills. the total stock market index was able to cross the channel of 2 million and 300 thousand units in sunday's trading. on this day, 290 billion tomans of real money was sent to the stock market, and 63 of the symbols of the market were green. the main representative of the stock market in sunday trading after 11 months , the channel again rejected 2 million and 300 thousand units

. on this day, the total index experienced an increase of more than 27 thousand units and with a positive return of 1.119% in the level was 2 million and 31291 units. hamoud index , which represents the trading price of small and medium market stocks, was also bullish on this day and with a positive return of 1.13, equal to 846 units , it was at the level of 753,439 units, so that on this day , more than 10 billion and 500 million were exchanged. in 446,000 times, stocks and financial bonds were valued at 6,800 billion tomans. the symbols of foulad, famli, nouri and shapna had the most positive effect on the greening of the total index, and on the other hand, the symbols of akhabar, hefars, hormuz and vepars prevented the further increase of the total index. index of capital inflow and outflow at the end on sunday, the stock exchange reported the arrival of 290 billion tomans of money. gives real during

sunday's transactions, the largest inflow of real money was allocated to the groups of chemical products, extraction of metal ores, and basic metals, while the largest outflow of real money was made from the groups of sugarcane, cement, and insurance. the status of the symbols of the glass hall also indicated that 495 symbols were positive and 286 symbols were negative so that the market witnessed the positive development of 63 of its symbols. also, 92 icons were facing the buy page and 43 icons were facing the sell page. the total value of shopping pages is 239 billion tomans, the total value of queues the sale was announced at 176 billion tomans. ghazal arab gul of sed and cima news agency. the managing director of the energy exchange announced the beginning of the sale of electricity from the country's power plants to the distribution companies in the energy exchange. mr. naqbi said , oldi behesht and on the first day of the reopening of this market , 21 electricity distribution companies over 339 million kilowatt hours.

they bought electricity worth more than 30 billion tomans in the form of a self-employed contract. according to naqbi, this way of selling was in order to reform the financial structure of electricity distribution companies. the managing director of the energy exchange added that electricity distribution companies have entered into the electricity transactions of the energy exchange and directly buy electricity from power plants they buy naqvi also listed the transparency of electricity transactions and strengthening the flow of liquidity to the country's power plants as one of the reasons for this action . according to the announcement of faravres iran, today 85% of the shares of esteghlal club and press police of tehran will be offered based on the decision of the privatization organization and according to the announcement. the base value of all transferable shares of esteghlal club is 2,748 billion tomans and the base price of each share of this club is 2,996 rials. the total value of the

transferable shares of perspis club is 3190 billion tomans and the base price of each share of this club is 3570 rials. shares of two clubs. tax free and to cash receipts are handed over. the price of fravers board on the day of release will be the basis for pricing this stock. this transaction is done in accordance with the guidelines for selecting strategic customers and verifying management qualifications. chawddar exchange organization explains the persian gulf petrochemical company, the managers of the buying banks are part of the shares. lal and presplis were in the form of disclosure of important information through the kodal system. this news and more in today's package of baha bazar news.

in a letter to the ceo of the persian gulf petrochemical industry company, the ceo of mellat banks, the sena securities and exchange organization news agency trade, export, city and modern economy, demanding an explanation about the reasons for the purchase. a part of esteghlal and presplis shares and possible future plans were disclosed in the important information disclosure form through the kodal system. naqvi, ceo of iran energy exchange. from the first of may, the energy exchange became the main platform for electricity trading between power plants and distribution companies. on the first day of the reopening of this market, 21 electricity distribution companies managed to purchase more than 339 million kilowatt hours of electricity in the form of the predecessor contract was worth 30 billion and 70 million tomans. rajabi mashhadi has been the operational manager of tavanir since may 1st every month, at least 2 thousand billion tomans are charged to proxy accounts so that

electricity distribution companies can supply the electricity they need from the energy exchange. khabar goods information database. the supply of cements in the second and third commodity exchanges of ardi beh. it is done. from the beginning of the year to the end of april, cement companies sold 48 million tons of cement worth 475 billion tomans in the physical market and 10,676 tons of cement worth 11 billion and 795 tomans in the form of commodity deposit certificates in the commodity exchange. baghestani , managing director of the central depository and funds settlement company , the first activity of the system under the receiver of the depository company central placement it stopped after 16 years. more than 40,000 users of this receiver were transferred to the zainfaan portal of the capital market to receive information on dividends of tradable assets, the broker overseeing the display of the latest transactions of the last trading day and the possibility of reporting on the stock portfolio. tahan nazir, spokesman of the

guardian council. the production and infrastructure financing plan was approved by the guardian council. article 14 of this capital increase plan from profit. has exempted ambashte from tax. khabar goods information database. the total volume of digital media market in the last 24 hours decreased by 34 to more than 98 billion dollars. the end of capital market news, god forbid. biscuits made with real ingredients,

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dust without dust, hoffmann's suggestion. how are the prices this year? buy this year at last year's price. well done. have you heard that this year is at last year's price? they say this year , buy at last year's price. children say this year at last year's price .

let's start with the question of which point of view you are in favor of, are you in favor of stabilization or are you in favor of the exchange rate? in the name of god , if you mean stabilization , i am definitely in favor of stabilizing the exchange rate. specifically i mean, let's set an exchange rate , let's talk about the exchange rate at all

, don't forget that it's two-sided, that is, one side is the value of your national currency , and the other is the horizontal side, which is the opposite of each of these factors, which means that i'm going to say that it's just like the countries arabi, let's assume that keeping their currency the same as the dollar for 50 years now is completely meaningless, because the dollar has weakened, in fact, their currency has weakened, while their economic situation is far better than the economic situation of america now. we don't have anything called stabilization of land price policy, that is, fixing it making the land rate policy is not efficient. the exchange rate should definitely be variable, but it should definitely be a single rate, and it should definitely be determined by its own mechanism . that is, we have a problem, mr. bozor nesab, that unfortunately our economic policy maker is 50 years old, 40 years old, 50 years old, forgetting this. that when of width. we are facing two completely separate phenomena in the country. land is a means of facilitating

foreign exchange. it has its own market. demand is high for imports. value comes from exports. the control tool of this market is the characteristic of the customs definitions that determine, that is, you set a rate with the tariff, you operate at a rate of 1,000. but we do not understand this. we think, for example, when we want to say. we want to support a certain product, we must set a price for that product , that is, something that is absolutely ridiculous, that i have never seen anywhere in the world. we and our economists are the ones who claim it, so it is a good mechanism. you are talking about currency. as a financial asset, which is a banknote, it is silent . people are looking at it for saving and investing in financial assets. they have a separate discussion. the mistake made by our politicians is the lack of separation. these two tests of the horizontal market, which

should be determined due to export and import, depend on the market , which is the tax market, the demand is not at all the demand for imports, and it has become the source of our policy, we tied the entire peace of my country to that market , that market has its own mechanism. it has its own demand, it has its own demand motives , it has its own supply, it has to be managed. the basis of a view of the financial management market is to manage a financial market , but we did not do this, unfortunately, and this lack of separation was our biggest mistake, and unfortunately, they dragged us to an inappropriate place, and the economy as a whole turned to a the irreversible stage brought to the balance because i will explain later when the conditions we created in the financial market for our currency and gold shortages . it has created a rift between our money market and our real market, and practically the general balance

cannot be realized at all, and another issue is that due to the fact that currency and gold have become a means of exchange in our financial market, this transformation of them into an anonymous means of exchange is, in fact, my presence. you have taken all the theoretical foundations of economics to the air, that is, you cannot propose any economic theory and defend it. in the situation that instead of national money , other assets can be replaced by means make an exchange. this is the situation we have. unfortunately, our politicians do not want to understand this. and let me ask you a question , i will go to mr. daravi. the fact that you don't agree with the policy of fixing the exchange rate means that now you are saying that we should float the exchange rate for import and export, that is , we will take 2850 and leave it to the market to determine the price, whatever the price, whatever the price . now we have a 35% surplus in the market, that is, the surplus of our trade balance, our exports

compared to our imports is 35%, this means that the price must come. who said below 285. or it should be 40 tomans. the price should come down. i have parallel supply. i have 22 billion dollars in supply. why doesn't the government come down? why doesn't the price go down? why is the price going up? because you dismissed the currency asset as a financial asset, you gave it a point. you gave him the point of not controlling his circulation. the best means of the underground economy. exchange has become an underground economy and there is a terrible demand for it. and you closed this to him. these two phenomena are different. economically, i have to now.

now let me answer your question let's make an understanding in advance. in fact, no one is against stabilizing the value of the national currency. basically , it is the duty of the government, especially the duty of the central bank and every government official, that the value of the currency must remain stable. in general , we have the signature of the governor general of the central bank and the signature of the minister of economy on every banknote. we see that in fact they guarantee that this is a payment tool. and it is their duty to stabilize its value and not only to stabilize it, but also to strengthen it, so when we talk about stabilization now , it does not mean that now i am against the value of the national currency to remain stable, everyone agrees that it should remain stable. but the problem with stabilization is that when

your country is facing high inflation , there are high liquidity growths, its macroeconomic imbalances. it has always been standing and there are no basic measures to resolve these dissatisfactions. in fact , we do not have the horizon of a reduction in the inflation rate. in fact, we do not have a positive horizon of the economy. now we should and maybe there is no such thing. in these conditions, we want the exchange rate. let's fix it in an orderly manner. obviously, this is the example. what the current government of the central bank is doing means that we have a fixed layer on the rate of 28,500 tomans and a land rate is actually a rate ceiling in we have an exchange center of nearly 40 thousand tomans and a rate . in fact, we have banknotes of the exchange center, 43 thousand tomans , 43 thousand, and now

we have nothing to do with the informal market. i would also like to say one thing . the balance of payments due to various reasons such as the shocks that we experienced recently, these countries are forced to apply currency controls. even the institutions for countries like us, in our conditions , even the imf recommends currency controls to some extent . what do currency controls mean? this is the same thing the ministry on our side controls the registration of orders or our central bank does the allocation. in fact, the requirement to register the origin of the currency is to limit the import of some goods. when we apply currency controls, it is basically impossible to have a single rate. in the sense that the rate of the official market and the unofficial market should be the same

. it hurts, but this level, well , we look at the cost benefit, it is worthwhile to have transverse controls for the time being, in dealing with shocks until now, until a time when our balance of payments reaches a relative stability and we there is no need to apply these controls. in my opinion , the main point of disagreement is on the last point that mr. azizzadeh said that they say that the width is just a tool of exchange for business, it is not like that. you should read international economics books now, they consider the currency market as a type of asset market. yes. and this is not something that i like or dislike, it is the asset market, now we have the forex market, so we don't have access to the forex market, but they look at the form of assets

in our country, so we don't have the possibility of foreign investment, like buying bonds. foreign like foreign stocks, people are forced to shift part of their asset portfolio to holding gold and silver, but for example, i confirm that no matter how much people actually invest, they should keep their assets in the form of rial assets, such as stocks, and bank deposits, for sure. it will be positive, but we cannot force our people to not make a rational decision, that is, in fact, we somehow arranged the structure in such a way that we force people to take refuge in coins and tips. the next thing i said, mr. azizan, they say that we have a trade surplus, according to our trade balance positively, in my opinion, some requests for this statement should be made. these are the statistics that the balance of payments that the

central bank is publishing. well, you know , according to the customs statistics, we have a trade deficit of 17 billion dollars. out of this 17 billion dollars, 10 billion have no return, mr. azizzadeh, that means we have 27 billion. trade balance. this comes from oil exports that are not registered in the customs. a major part of our expenses is smuggling. when we impose import bans , when we impose tariff barriers, it is obvious that and yes, part of our expenses goes to smuggling .

oil is a source of supply, it doesn't matter who owns it the exchange rate is supposed to be determined in a market where the supply of currency and the demand for imports are the origin of this supply, whatever it wants to be, the government is the government itself, it is also the most important importer, from its oil revenue , it imports 10 billion dollars, 12 billion of basic goods , 15 billion of which is imported. you can't say , sir, i consider imports, but i don't consider exports, so we are free to trade. they don't necessarily devalue the currency, although

there are countries in the world whose trade balance is negative , policies like you said are not for countries like us, they are a system for all countries. multiple rates are implemented with different definitions , they manage imports to reduce the demand for imports, and in fact, they can maintain the price of land and take care of another issue that you mentioned, which is the reason for the price. we did not go beyond this trade plan deficit, mr. d, until you say the numbers, one is a trade deficit of 17 billion dollars, the other is 10 billion dollars of non-return, which can be 27 billion . how do you analyze this figure ? i agree that oil should be counted.

in addition, many of our producers have complaints have a central bank that my allocation sir. what happened to my order registration? why is it not confirmed? why does it happen that they limit our order registration ? they say that the previous importers can only import up to 80% of their import history. how can we prevent the import of luxury cars ? all this shows that we have a deficit, but you may mean that this deficit is because part of our currency is going to smuggling. part of our width is going to go out, where is it going to be smuggled, the question is where is the width going to be smuggled from? the export route, from the export route, they think

it is the same as smuggling, but look, when the central bank sells 28 billion dollars in the informal market , what does that mean in the informal market? are the buyers who want to smuggle capital out? why is there so much demand for imports ? the reason is that you came and created land as a financial asset in a market called the free land market. the price that is going up in this market is the price of our basic commodity, that is, the government has wasted its own special privileges in the financial asset market. this financial asset market has been given extremely special permissions, the most important thing is that this

financial asset is nameless. now, when it was nameless, it means that it can become a tool for capital flight, it means that it is the father of the economy . when it was nameless, it means that you can facilitate financial corruption with it. now, the economy is many times more transparent. now , when you nameless this, it means that you are one you have created a huge demand for this , now the whole thing. the underground economy turns to this financial market for its transactions to be undetectable. what is the demand potential in this financial market, mr. daravi? let me explain financial assets to the listeners. as he said, in the economy, people who have money, the liquidity they have ,

keep a reserve for their daily necessary transactions. they have cash if something happens, they invest the rest, which part they invest it depends on that asset. if the asset comes in a basket of stock market assets, it is interest on bank deposits , there is property, there is car, there is gold, there is also land in the rest of the world. yes, it is true that people in the rest of the world invest in other countries' currencies. it falls against the us dollar . they say, "well, sir, this goes back to this situation. there are some people who are in the bank . they say to their bank, sir, take my money from so much australian dollars and buy it for me. will the dollar go up in your account? they will sell it with this, but there is a difference in the case. the rate in the capital market in fact, the rate does not determine the value of the national currency,

they choose two markets for capital. we made a mistake here. look at the capital market, when this money enters this basket , how is it divided between these, mr. big installment, it depends on which one has the highest yield , so the one with the highest yield is entered so that they are all balanced. this is, for example, the theories that there is no such thing. now, let me tell you that these financial assets that i have left in my country, one of them is wide and one of them is gold, has special characteristics compared to others. they have extremely high liquidity therefore, i don't need to make a precautionary request , i do n't need to keep even my precautionary request. which requires a large amount of money, 3 exempted taxes, an exempted investment is very good.