تولیدProductive and productive sectors do not have a good share of banking facilities

According to Fars News Agency’s economic correspondent, Gholamhossein Shafei said today in a sympathetic meeting with the Governor of the Central Bank held in the Iranian Chamber of Commerce: ‌ The presence of the Governor of the Central Bank in the private sector parliament contains positive messages for private sector activists. Most of the current problems in the central bank can be solved.

The head of the Iranian Chamber of Commerce added: According to the report on monitoring the business environment from the point of view of economic actors, there are three components Unbelievable Predicting prices and changes in raw material prices, the instability of laws, and the difficulty of financing from banks are three components that are consistently unsuitable from summer 1997 to summer 1400.Most It has been a component of the country’s business environment, and some of these issues fall within the purview of the central bank, and therefore increase our demands on this organization.

He further referred to some inefficiencies in the financial and monetary spheres of the country and said: “Deviation of bank facilities from production activities is one of these inefficiencies so that the share of bank facilities to production sectors including industry, mining and agriculture is 40% of total bank facilities.” Formed in the year 99. Also, the share of industry and mining sector in the balance of bank facilities in 1985 was 30% and in 1995 it was 17%.

Shafei stated: ‌ The share of the agricultural sector in the balance of facilities in 1978 has reached a total of 28 percent and in 1995 to 9.6 percent, and the share of the export sector in banking facilities in 1978 has reached 5.4 percent and in 1995 to half a percent. Statistics show that the productive and productive sectors did not have a good share of banking facilities.

* Government domination of the central bank thwarts efforts

He said: “These statistics show that the productive and productive sectors do not receive the required share of the country’s banking resources and facilities, and due to high profit margins and short-term returns and the risk of unproductive activities and speculation not only divert capital and bank deposits and create financial bottlenecks.” It has been productive for businesses, but it has also had negative consequences for the housing, gold, coin and currency markets.

He said: “Therefore, it should be noted that the reform of this procedure requires the necessary supervision by the monetary institution, being bound by the banking system to the notifications and decrees regarding the share of granting facilities to various sectors.”

Shafei further addressed the issue of incomplete implementation of the law on removing barriers to competitive production and upgrading the country’s financial system and addressed the head of the Central Bank and said: “As you know, according to Article 21, removing barriers to production approved in 1394 For industrial, mining, agricultural units, guilds, knowledge-based enterprises, transportation and exporting companies in operation, within three months from the date of notification of this law, compile the executive instructions for opening a special working capital account and notify the country’s banking network. Unfortunately, no effective action has been taken in this regard yet.

The head of the Iranian Chamber of Commerce stated: “Therefore, according to Article 21, the private sector requests the new management of the Central Bank to expedite the establishment of a special production account to provide working capital for production units.”

Shafei pointed to the issue of maintaining the country’s economic stability through stability in the foreign exchange market and added: “The exchange rate has a special place in the country’s economy and according to experts, this exchange rate is quite expensive, in other words, the slightest change in exchange rate It affects. Therefore, stability in this market means stability in the macroeconomic environment of the country.

“Any instability in this key variable can have very negative consequences for all actors in society, from the government to producers and exporters and the general public,” he said.

Shafei said: ‌ In the production sector, as we know, the structure of domestic production in terms of supply of raw materials is highly dependent on foreign countries, so with frequent jumps in exchange rates, the price of domestically produced goods increases, which leads to an increase in general prices. Decreasing effective market demand and increasing real government spending will become the largest consumer in the country, ultimately leading to a budget deficit.

The head of the Iranian Chamber of Commerce said: “In addition, unpredictable exchange rate fluctuations and changes in the prices of raw materials and products occur, which leads to the return of economic actors and society. On the other hand, exchange rates affect the formation of inflationary expectations Brokerage leads, so we demand that you take the necessary measures to increase the supply of foreign exchange, of course, the foreign exchange earned from exports and stabilize the market on your agenda.

Regarding the return of export currency, Shafi’i said: “International sanctions and restrictions due to the lack of banking restrictions have created many problems in the return of export currency, and in this regard, the private sector emphasizes that rational measures should be considered to increase the supply of currency.” How, instead of putting too much pressure on economic actors, should incentives be taken to increase the currency?

He added: “In order to increase the effectiveness of these policies to provide the currency needed by the country and reduce barriers for exporters, the Iran Chamber has proposals that we will present.”

Emphasizing the importance of statistical transparency, Shafei said: “Unfortunately, in the face of the country’s economic problems, instead of adopting policies and removing existing barriers, approaches based on statistical opacity have been prioritized in official reports, and instead of solving the problem, clean It is enough to face the problem.

He said: “Obviously, this strategy has not only failed to solve problems, but in practice has led to a blow to the confidence of the private sector and has provided the basis for informal and unprofessional statistics.”

The head of the Iranian Chamber of Commerce said: “Therefore, it is expected that the Central Bank in the new government will be satisfied with the publication of economic statistics in a regular, transparent and timely manner to provide a space for expert dialogue for university professors, economic activists and experts.”

“As long as the central bank is under the control of the government, all efforts are in vain, and we hope that the central bank will gain and maintain its independence,” he said.

End of message /

You can edit this post