IBENA- Dr. Saleh Abadi, Governor of Central Bank, in Shokuh-e-Iran of Economic Radio program, referring to intention of Supreme Leadership on the policy of credit guidance, said: The Supreme Leader said that liquidity and inflation growth in the last decade increased significantly while real production and Growth of GDP and formation of domestic constant capital has not grown proportional that has caused inflation in the economy. Based on this, he called on Central Bank to guide credits to production and economic activities. This is our serious plans at Central Bank, leading credits to productive economic sectors, and the capital that banks provide customers does not lead unproductive activities.
In explaining how to realize this, he said: part of this is related to Central Bank, which is fulfilled with intelligent monitoring of correct using of facilities; That is, through in Observation of the flow of funds will act in such a way that guiding credit to the actual production sector and capital does not go to unproductive activities. The other part is linked to the tax agency, which should be connected to banking system in this regard. That is, if a person puts credit and capital to unproductive activities he could be subject to their particular tax, which, of course, this requires the law, and accordingly, at the moment, in Parliamentary Economic Commission, capital income is also raised and, if approved, will be very helpful.
In the budget bill of next year, 25 percent of tax that was in the field of production fell by 20 percent, but the bill of capital income, if adopted, tax on Sponsored species increases, and connecting to banking system can lead to guiding credit to production. Fortunately, liquidity growth and inflation rate in recent months are controlled and reduced, so that monthly inflation rate of 3.3 percent of last months reached 1.3 percent in December. In December, 1.8 percent, in November 2.4 percent and 3.1 percent in September, was 3.3 percent in second=half of September, Dr.Saleh Abadi also announced decreasing process of inflation. Balance of currency market and the stable process of Integrated currency transaction) Nima (system System and decreasing process of prices in organized currency market have helped to reduce and control inflation. The trends that go through is hopeful and we hope that this positive trend continues in our economy, he said.
translated by: Mirmasoumi
