Banking and insuranceEconomical

The economic situation is not good but it is improving


Ali Salehabadi stated in a TV program about the latest situation of the country’s economic indicators: Although the new government started with special and difficult conditions and the highest inflation rate was recorded last year, the inflation rate is decreasing in recent months and the rate Point-to-point inflation in December has decreased by 17.5 percent compared to August.

He added: “When the inflation rate is declining, it does not mean that we do not have inflation, but it means that the growth trend of inflation has decreased and inflation has decreased, and we hope that this downward trend will continue in the future.”

The Governor of the Central Bank, stating that in recent days the supply of currency in the Nima system has been more than demand, said: in the first nine months of this year, the equivalent of $ 40 billion in the Nima system has been supplied for basic goods, personal currency and …. In addition, economic growth was 3.3 percent in the first six months of this year, and power outages slowed economic growth in the second quarter of the year.

Salehabadi continued: The economic situation is not good but it is improving. In the Nima system, the equivalent of 23 billion dollars of foreign exchange has been offered, which is an increase of 67% compared to last year. Also, in the organized foreign exchange market, we have offered the equivalent of $ 1.5 billion, which is a growth of 276% compared to last year.

“The volume and value of oil and non-oil exports have grown,” he said. “We expect 8% economic growth next year, and I predict next year will be better than this year.”

Payment of 12 thousand billion tomans of housing deposit

The Governor of the Central Bank added: “Selling the surplus assets of the banks is very effective in resolving the imbalance, and we will hold a meeting with each of the banks to resolve the imbalance.” Banks are required to invest 3% of their resources in Islamic securities, which helps to eliminate imbalances.

He said that the banking system must have problems, but the services of the banking system are less considered, so that we have almost no projects in the country that the banking system is not financing, he said: 12 thousand billion tomans of mortgage loans have been paid so far. In the matter of housing deposit facilities, the amount of demand is more than 30,000 billion tomans, but the amount of its resources is 15,000 billion tomans.

By the end of the year, we will give marriage loans of 12,000 billion tomans

Salehabadi continued: At the beginning of this year, the equivalent of 68,000 billion tomans of marriage loans was paid and by the end of the year, we will pay another 12,000 billion tomans to fulfill the 80,000 billion tomans of the assigned task in this field. In the direction of marriage loan collateral, we will move to other micro-loans, which we have recently communicated to banks about the issue of credit, so that people can use their SIM cards, equity shares and subsidies as collateral.

The Governor of the Central Bank added: The bank’s goal is to increase marriage loan payments from 80,000 billion tomans for this year so that applicants can finally receive their loans for one to two months. Currently, 46,600 marriage loan applications are being completed.

Regarding the loans of the banking system personnel, he said: “With the amendments made to the relevant regulations, bank employees can no longer receive facilities with low interest rates.”

Salehabadi stated that some banks may face a shortage of resources and be unable to repay loans, but this is not the case for all banks. At the same time, at the end of the year, the banks’ resources are under pressure.

The governor of the Central Bank said: “According to the law on removing barriers to production, banks should not do business, and the instructions for acquiring assets to eliminate the business of banks are being reviewed by the Monetary and Credit Council.” Banks do not have the right to close production companies at all, and we will consider methods of delaying facilities to solve the problem of production companies. Because banks’ cash resources are limited, we will use the new method of chain financing to finance firms, in other words, credit instruments, and chain financing will solve the problem of working capital of manufacturing firms.

Why did banks move to entrepreneurship?

He stated the main reasons for banks’ corporate governance and said: “The main corporate governance is related to state-owned and quasi-state-owned banks. On the other hand, the former governments demanded payment to the banks by transferring the enterprises to them, which led to the formation of corporate governance of the banks. In addition, when interest rates are lower than inflation, banks use some of their resources to invest.

Banking service fees are adjusted

Salehabadi called the fee rate of banking services in the country low and said: “We have a plan to gradually correct these rates so that the banks’ income is provided from this place and not from the interest rate of the facilities.” The law of the central bank and banking of the country is very old and the tools seen in the monetary and banking laws are outdated and inefficient. Therefore, the Central Bank Law and the Monetary and Banking Law should be reviewed as soon as possible.

The Governor of the Central Bank added: “Amending the law of the Central Bank and amending the monetary and banking law is a necessity today and is under consideration in the interaction between the government and the parliament.” The concern of Islamic banking is very important and in the discussion of Islamic banking, both the structures and the tools must be revised. Realization of interest-free banking is one of our main goals and, God willing, it will be implemented. Training of bank employees to implement interest-free banking is very important and is on the agenda.

“Putting a copy of the loan agreement with the borrower is a step towards the correct calculation of the facilities,” he said, noting that the banks’ software will be monitored by the central bank for the proper implementation of interest-free banking. If there is a problem for someone’s rights in the banking system, the central bank will enter with regulatory mechanisms.

70% of the card readers were assigned

Salehabadi while announcing that assuming the continuation of sanctions, according to the plans, the economic situation will be better next year, said: 70% of the card readers have been assigned and we will not have a card reader that is not organized by the end of the year. The card reader of those whose tax files have not been completed and who do not comply with the law will be cut off.

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