Mr. Khodayian, the head of the General Inspection Organization, Mr. Saleh Abadi, the head of the Central Bank of the Islamic Republic of Iran

Abdollah Abdi - Abdi Media

Does the central bank really intend to cheapen coins and currency with the coin paper plan and the entry of the private sector into the minting market?

The central bank has recently decided to sell gold coins and the private sector is set to enter the minting market.

A decision that some say will lead to a drop in the coin's price and may also cause losses to impulse buyers these days.

If the real or private sector is to mint coins alongside the central bank, it means that the volume of minted coins will increase and the supply of this valuable metal will subsequently increase.

Also, if the central bank can implement and operate this work, the coin bubble will likely burst and the price of all kinds of coins in the market will be close to its real price, and of course, like the story of the stock market, it will be a big blow to the poor nation that the money These days, they spent their wisdom on buying coins in the hope that its value will decrease less.

The Islamic State has had a significant income in this way, although Khomeini left the management of the currency solely in the hands of the government, and Hassan Rouhani, the president at the time, also announced it publicly, but the result is that the government executives in different periods of management raw and failed to apply proper management with economic vision and correct planning for supply and demand.

Now it seems that this method of management has been extended to coins and these works in the name of market management, regardless of the reliable economic variables of the country and the emotional management of currency and coins, are against the Sharia and Islamic and even human ethics.

But why does this decision of the central bank bring other concerns?

This action will almost certainly create rent for some people, which requires close supervision and direct involvement of the General Inspection Organization of the country; Of course, if the inspection organization considers itself to be the (general) inspection of the country.

And because the Central Bank is going to give its minting rights to another group, creating a huge rent for the eyes of the Central Bank and the government.

In addition, the opportunity to mint counterfeit coins increases, and of course, the prevention of crime and violations is the duty of the judiciary and, of course, the inspection of the entire country.