The new program of the central bank for the payment of marriage and child loans

to report Financial news According to the public relations of the central bank, Mohammad Reza Farzin, the head of the central bank, in the sixty-third annual meeting of the general and extraordinary assembly of the central bank, in explaining the new policy approach of the central bank, said: economic stabilization policy and planning to control and manage liquidity growth in line with Realization of the slogan of the year is on the agenda of the central bank.

Farzin, in this meeting, the president, the attorney general, the minister of economy and finance, the head of the planning and budget organization, the minister of security, the minister of oil, the minister of agricultural jihad and other members of the assembly along with the members of the money and credit council and the members of the executive board and bank managers. Central Bank were present, he stated: In line with the new policies of the Central Bank with the axes of controlling and managing the growth of liquidity with the aim of curbing inflation, regulating and managing the currency market, strengthening the supervision and reform of the banking system, strengthening the governance of the Rial and strengthening currency and monetary diplomacy and Management of inflationary expectations and increasing the confidence of people and economic activists in the future of Iran’s economy is emphasized.

The Governor General of the Central Bank said regarding the actions of the Central Bank to regulate and manage the foreign exchange market: strengthening the supply side of foreign exchange with measures such as following up on the return of foreign exchange from exports to the country’s economic cycle, using the capacities of neighboring countries and trading partners, and diversifying the methods of The return of currency from the trade is in progress.

He added: on the demand side, with the approach of meeting the real needs of foreign exchange, the annual preparation of the foreign exchange expenditure plan, the supply of basic goods in foreign currency on the basis of the foreign exchange portal, the establishment of the Iranian currency and gold exchange center, the change in the approach of monitoring the country’s foreign exchange expenditure and controlling the consumption of foreign exchange needs. The need for the foreign currency account of the applicants was put on the agenda and satisfactory results were obtained for the optimal management of the country’s foreign exchange market.

The Governor General of the Central Bank stated: In order to strengthen and manage the reserves of the foreign exchange market, we are now in a good position in terms of foreign exchange reserves through foreign exchange diplomacy and moving towards the release of blocked resources in other countries, and we will try to strengthen these reserves with future plans. will have. We will also use the capabilities of the Asian Exchange Union, which is chaired by Iran, to expand interactions.

Farzin said: Designing a currency stabilization fund, designing and setting up new systems for foreign exchange transactions, opening a central exchange for foreign currency and gold in Iran, designing and issuing foreign exchange bonds with the aim of financing production inside the country, and reforming procedures for clearing export obligations are among other measures. The central bank is in line with the implementation of the program of economic stabilization and stability in the currency market.

The burden of financing the country is borne by the banking network
Referring to the importance of the banking network in the country’s financing system, Farzin said: About 89.9 percent of the country’s financing is the responsibility of the banking system. In the meantime, the capital market also provides about 10% of the financing burden and only 0.1% is provided by foreign investors, which shows the heavy pressure of the country’s financing burden on the banking network.

He added: Based on this, the general approaches of the central bank’s credit policy include strengthening working capital, chain financing in line with non-inflationary financing, strengthening the financing of knowledge-based companies, improving micro financing in such a way that the economic system and production The country should not suffer interruptions and at the same time inflation control programs should be implemented well.

Realization of 110% payment of marriage and childbearing facilities
The Governor General of the Central Bank explained regarding the payment of marriage and childbearing facilities, which is also emphasized by the presidency: While the payment of 111.8 Hamats of marriage facilities was approved until January 7, 1402, until this date, more than 129 Hamats of marriage facilities were approved. has been paid, which indicates the realization of 115% performance by the banking network in 1402.

He added: Also, until January 7th, payment of 38.2 tons of childbearing facilities was approved, and more than 35.5 tons of childbearing loans have been paid to applicants, which shows the fulfillment of 93% of the above tasks.

Farzin said: In total, 110% of the assigned tasks regarding marriage and childbearing loans have been paid.

The Governor General of the Central Bank stated: Since the payment of marriage benefits to all applicants is one of the concerns of the Honorable President of the Republic, and also due to the high number of applicants and the importance of the issue for the members of the society, there are written programs in the Central Bank for the payment of marriage and child benefits to the applicants. We want all applicants to have access to this facility, and this program will be implemented in the coming weeks with the provision of the necessary resources from the banking network.

Regarding the financing of knowledge-based companies, Farzin also said: In the first eight months of the year, 1,541,000 billion Rials were paid to knowledge-based companies, which shows a growth of 71.8% compared to the same period last year.

Regarding the central bank’s plan to reform the banking system and resolve disputes, the governor of the central bank said: reforming the relationship between the government and the banking network and the central bank, reforming the relationship between banks and the central bank, strengthening the capital adequacy ratio of banks, and strengthening the intelligent and multi-layered supervision of banks. Center on the activity of the banking network is on the agenda, and if a bank cannot take steps in the direction of correcting and resolving the discrepancy, we will go to the decision operation.

Referring to the results of stabilization policy in reducing the growth rate of liquidity as the main factor of inflation control, Farzin stated: The growth rate of liquidity has reached 42.8% in Mehr 1400 to 26.2% at the end of November this year and by the end of the year with Strict implementation of the inflation control program is expected to reach the 25% growth target.

He said: Regarding the monetary base growth rate, which was around 45% at the end of April this year, it reached 38.5% in November, and it is expected that it will continue to decrease.

Referring to the 4.7% growth of the country’s economy in the first 6 months of this year, Farzin added: 4.7% economic growth with oil and 3.6% growth without oil shows that the country is returning to the path of long-term economic growth, and we hope that with Continuing the policy of stabilizing and making the economy more predictable, we will witness the prosperity of the country’s economy as much as possible.