Action plans to curb inflation and production growth have been designed in the government

According to Fars news agency, citing public relations central bankIn Noorzi’s meeting with Central Bank employees, Mohammad Reza Farzin, referring to the designation of this year as “the year of curbing inflation and production growth” by the Supreme Leader, clarified: the realization of the goal of curbing inflation depends on liquidity control, curbing the increase in government expenses and adopting Financial and foreign policies are appropriate.

He stated that the central bank plays the main role in the field of inflation and emphasized: Inflation has become a chronic issue in Iran’s economy for many years and all governments should help to curb it. Of course, regarding liquidity, we also believe that this indicator should be directed towards productive markets in a targeted manner, so that its effects in curbing inflation and achieving production growth can be seen.

Referring to the meeting of the system officials with the Supreme Leader last night and His Highness’s emphasis on foreign policy, the Governor General of the Central Bank said: I believe that a proper foreign policy will help the efficiency of the policies adopted in the currency and money market and improve inflation expectations, and this cannot be done. ignored, while we also need a proper monetary and financial policy to control inflation, and in this regard, it is necessary to provide non-inflationary government funding.

Farzin further emphasized the necessity of reforming the banking system and stated: insufficient capital, imbalance caused by overdrafts, shareholder and management problems are among the problems that most banks have been facing for years, and in the process of reforming the banking system, sensitivity and precision should be applied. And he put openness in dealing with the agenda so that liquidity control and inflation control can also be achieved. Therefore, we must seriously enter into the issues of banks and have the necessary supervision and regulation.

The head of the Money and Credit Council, referring to the operation of the Iranian currency and gold exchange center and the role of this center in the regional and international spheres, said: “This center definitely plays an incomparable role in the economic stability and deepening of the country’s currency market, and in the future and By passing the conditions of sanctions, the communication within the region and at the international level will also increase, and the function of the Iranian currency and gold exchange center will also be developed. Although this center can help to stabilize the currency market by using the current currency tools available in the world even under sanctions.

Stating that stability in the currency market is not possible with an order, he clarified: In this regard, different tools should be used. Iran’s currency and gold exchange market was also launched with the same goal, and with the stabilization policies we are considering, we can definitely use it to end the vicious cycle of increasing exchange rates, inflation rates, etc.

Emphasizing the role of the central bank’s cooperation with other organizations, Farzin said: “The central bank is one of the most important economic institutions in any country, and it is even effective in financial policies, and the decisions and policies of this bank can have daily effects on other markets. It is a difficult and vital matter in the central bank.

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