Special support of the banking system for the business environment
Governor of the Central Bank: The Central Bank and the banking system, despite the limitations in resources, have paid special attention to the guild, business environment and production leap.
According to the International Iranian Stone Exhibition, Dr. Hemmati, who headed a delegation of deputies and managers of the Central Bank to Hamadan province, in the "meeting of the Government-Private Sector Dialogue Council" in this province, referring to the specific conditions of the country and maximum pressure Due to the sanctions during the last two and a half years, he said: "During the period when the sanctions reached their peak, we were able to neutralize the sanctions under the guidance of the Supreme Leader and get through difficult conditions."
The Governor of the Central Bank stated about foreign trade: "Since the beginning of the year, $ 32 billion has been provided for imports, of which $ 9.2 billion has been provided by the Central Bank and the rest by exporters, and we were able to provide the country during this period." Manage mainly non-oil exports; In other words, more than $ 22 billion of the country's foreign exchange supply came from non-oil exports.
He added: "In the past, about 70% of the country's import needs were met by the government through oil and gas revenues, but now this figure has reached less than 30%."
Hemmati reminded: Economic growth in the first six months of this year has been positive and based on estimates and information from the sectors, this trend is expected to continue in the first nine months of this year.
Referring to the financing of 75,000 billion Tomans of the banking network to support the damages caused by the outbreak of the Corona virus at a rate of 12%, the Governor of the Central Bank said: With the help of the government, more than 30,000 billion Tomans of this amount will be loaned Heads of households were paid.
The Governor of the Central Bank, while emphasizing the economic conditions of the country and the limited resources, considered the performance of banks in providing facilities at a rate of 12% to producers acceptable and said: "Although the problems created in the business environment due to the spread of disease Quaid 19 has put additional pressure on the guilds, but on the other hand, the limitations of the banking system should be taken into account, because giving interest to depositors should not be overlooked, while despite all the limitations, the banking system in the optimal allocation of resources and Due to limitations, it has always been a supporter of the business and production environment.
Emphasizing the limited resources of the banking system in providing facilities, he said: "Banks have granted 720,000 billion tomans of working capital in the first ten months of the year. Of course, it should be noted that banks' credits are also limited and they are not connected to eternal resources."
He added: "In this regard, the industry sector has allocated an average of 30% of the total payment facilities."
In another part of his speech, Hemmati referred to the issue of liquidity and said: "Since the beginning of the year, despite all the pressures due to the central bank's controls, liquidity growth has been around 30% and the central bank is unable to allow more than its monetary policy commitment." Inject too much money into the economy, because this injection will fuel more inflation in society. Of course, it is natural for us to face adversity because of this issue.
* ILNA
