Making money that doesn't turn into production!

Making money that doesn't turn into production!
  • 2020-05-27
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Chairman of the Monetary and Banking Committee of the Economic Commission of the Majlis: Private banks have become a machine for creating liquidity.

According to the International Exhibition of Iranian Stone, Mohammad Hossein Hosseinzadeh Bahraini in a special news interview stated that in the economy, no phenomena occur spontaneously and the economy is the knowledge of cause and effect, adding: inflation and its continuation, increase the Gini coefficient Unemployment and the continuing negative trade balance are phenomena that economic knowledge must root out.

He continued by saying that the phenomenon of inflation should not be looked at superficially: the logical view is that the Islamic Consultative Assembly and the government should find the root cause of its high cost and continuity.

Hosseinzadeh emphasized that the problem of inflation in our country should be solved by rooting out, and added: "When a lot of money is injected in the society and liquidity in the society grows continuously and in proportion to that goods and additional services." As a result; Those goods and services become more expensive.

The head of the Monetary and Banking Committee of the Economic Commission of the Islamic Consultative Assembly stated that if the knowledgeable and expert official does not supervise private banks, these banks will become liquidity creation machines. Because this liquidity is not directed towards production, it has caused inflation.

Hosseinzadeh added: "According to the World Bank report, it will take time to start a business in Iran, not more than in a country like Qatar, and this will lead to more corruption."

Pointing out that sin is the current bad economic situation of the assemblies and the government, he said: "Different parliaments have not been able to improve and improve the business environment."

Hosseinzadeh added: "On average, an economic activist in our country has to spend two hundred and sixteen hours a year to pay taxes, while in the United Arab Emirates, this figure is twelve hours."

The head of the Monetary and Banking Committee of the Economic Commission of the Islamic Consultative Assembly, stating that our assemblies were not efficient, said: The 11th Assembly should change the way we look at housing, because housing is a necessary commodity and should not be joked about.

Hosseinzadeh pointed out that housing is the driving force of the economy, adding: "The first requirement to reduce the housing problem is for the 11th parliament to change its view on this sector."

He continued: "According to the constitution, the government is responsible for providing housing for the people, so it must plan for it."

Hosseinzadeh said: "The problem is that in our country, there is a principle that everyone should get permission from the government for whatever they want to do."

The head of the Monetary and Banking Committee of the Economic Commission of the Islamic Consultative Assembly said: "The comprehensive tax system has been created as a comprehensive database, and now the Tax Affairs Organization is verifying the statements based on this system."

He continued: "The weakness of our tax system is that we left everything to Momayez and put the principle on the falsity of Modi's statements, unless Momayez confirms it, but in the new law, the legal approach of the government in this." We changed the context and based the principle on Modi's statements, unless proven otherwise.

* Tasnim