Changing rules deprives manufacturers of decision-making power
Member of the Monetary and Credit Council: Changes in the law have made economic actors less likely to make investment decisions.
According to the International Iranian Stone Exhibition, Gholamreza Mesbahi Moghaddam said: "Laws have an important role in helping the prosperity of production, but unfortunately we do not face the stability of laws in the country."
He continued: "The multiplicity of laws has negative effects on production and this has caused economic actors to not have the power to decide on investment."
Regarding directing liquidity to production, Mesbahi Moghaddam said: "If liquidity in the country is directed to production, it will cause economic growth, but this will not happen."
He continued: "Most of the liquidity of the banks, which is at the disposal of the borrowers' facilities, has been blocked, and this has caused the producers to not be able to receive the facilities easily."
"Everyone who receives the facility does not take it to production, and unfortunately they direct the received liquidity to unproductive markets," said Moghaddam.
Emphasizing that liquidity should be directed to production, he added: "If the supervision of bank lending is accurate and complete, the liquidity in banks will be directed to production."
A member of the Monetary and Credit Council said that close monitoring by the relevant agencies would both facilitate the flow of liquidity to production and lead to economic prosperity.
Regarding the presence of foreign investors in the country, Mesbahi Moghaddam also said: "Due to the oppressive US sanctions, it is not possible for foreign investors to be widely present in the country, and if these investors are present in the country, it can boost investment in Help the country.
Regarding the growth of liquidity in recent years, he added: in order for the increase of liquidity in the country to be useful, the same amount of liquidity should be injected in exchange for the rate of economic growth; Otherwise, increasing liquidity without economic growth will cause inflation in the country.
"The liquidity injected by the central bank will lead to economic growth if it is directed towards production," he said.
