High profit rate of disaster production facilities

High profit rate of disaster production facilities
  • 2019-07-07
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Former Member of the Commission for the Protection of Production: In recent years, bank credit distribution has been driven by brokers and intermediaries, while the manufacturing sector is in dire need of financing.

"The central bank should put credit quality control in the context of inflationary downturns in order to generate credits in the manufacturing sector," Jafar Ghaderi told the radio in an interview with the radio, referring to the central bank's productive financing plan. Be. "

"In recent years, bank credit distribution has been driven by broker-dealers, while the manufacturing sector is in dire need of financing," he continued.

Qaderi said the top priority of manufacturing units is to provide working capital for liquidity, adding: "If the central bank's approach is followed by experts and resources are moved to production, inflationary stagnation will create an appropriate policy that will open production units. Be it. "

At the same time, the economist called the obstacles and problems facing the plan natural and said, "If the central bank merely advises other banks [and fails to comply with the directive], the facilities will go toward higher interest rates and easier collateral." It will go. "

"The directive or instructions have not yet been issued to banks," Qaderi said, announcing that no details of the product financing plan had been released yet.

Commenting on the impact of this new central bank decision on achieving the goals of the "production boom", he said: "Under the current conditions, production units have depleted capacities; "Interest rates have been applied to more facilities, which is a difficult process."

"In the current situation, banks cannot get the facility rate above 30%, so they collect their facilities up to 28% and part of the problem is back to the government," Qaderi added.

A former member of the Commission for the Protection of Production continued: "When the government gives Treasury documents to the contractors in the market, it leads the contractor to liquidate the resources at the rate of thirty-six percent on the stock exchange, which disrupts the entire banking system."

Qaderi added: "The monetary and financial policy aggregate must support each other, not the central bank taking the same path and thwarting the policy and budget organization!"

* Tasnim