Symposium of Governor of CB to businessmen to facilitate exports

IBENA- Dr. Ali Salehabadi in a symposium with economic activists in Iran Chamber of Commerce, Industries, Mines & Agrculture, stating that the government and private sector are not separated and are together. The establishment of a joint committee including all relevant government agencies and private sector is necessary and We welcome this idea. I am optimistic about this cooperation and interaction and I believe that trade and currency situation of the country will be better next year than this year, He said. Salehabadi announced the issuance of a circular to facilitate the export process in near future and stressed: This issue has been decided in the meetings with Minister of Industry, Mine and Trade, which will be announced soon. We have made a joint working group with Minister of Industry, Mine and Trade and we have regular meetings that this interaction will continue with cooperation of private sector as well as customs; the chairman of Monetary and Credit Council noted.

The Governor of Central Bank stressed: Return of export currency is one of priorities of country and even if the sanctions are lifted, return of currency will be important, but it is important that exporter does not lose and currency purchase price from exporters is reasonable. Foreign sanctions can be overcome, but domestic problems are key issues that cannot be solved except through interaction. We are optimistic that with the cooperation of private sector to reach a good situation; Salehabadi stressed. This year, foreign exchange situation has been better than last year, he said. In first 12 months of last year, we had $ 36.5 billion in foreign exchange, which was $ 40 billion in first nine months of this year. Governor of Central Bank announced the pilot implementation of supply chain guidelines and said: Of course, this issue has not been finalized yet, and negotiations have been held with several banks, Ministry of Industry, Mine and Trade and Economy to implement this plan as a pilot. In this regard, we decide to use the opinions of private sector to finalize the work.

Referring to publication of economic statistics at regular intervals, Salehabadi said: One of the root-  causes of inflation is dominance of fiscal policies over monetary system. For many years, our economy has been oil-oriented and fiscal policy has prevailed over Monetary, which is one of problems of Iran's economy. Governments' budgets are always financed from oil, while through the world, fiscal policy is independent of monetary policy, and monetary watchdog is concerned with calming macroeconomic and making it predictable, and the government finances itself from other sources.