اثربخشی سیاست‌های اقتصادی نیازمند اصلاحات ساختاری در بخش‌های پولی، ارزی و اعتباری

The thirty -second annual central bank monetary and currency policy conference on the issue of monetary and banking rule began with the presence of the head of the central bank, the head of the Planning and Budget Organization, the head of the Ministry of Economic Affairs and Finance and the banking system officials.

At the opening ceremony of the conference, Cyrus Parvizian, head of the Central Bank’s Monetary and Banking Research Institute, said: “The conference, with the unnecessary support of the Central Bank of the Islamic Republic of Iran, is an opportunity to exchange thought, conflict of views and coherence to macroeconomic decisions, especially in currency policy. This year, considering domestic and international developments, as well as the goals and requirements of the Central Bank of Islamic law enforcement and the implementation of the Seventh Development Plan of the country, “Excellence of Monetary and Banking Governance by looking at upstream documents” has been chosen as the main topic of the conference; A topic that shows a fundamental concern for rearrising monetary structure in order to better coordinate monetary, financial and commercial policies in the country.

He added: “The effectiveness of economic policies focused on growth requires structural reforms in the field of monetary, currency and credit policy.” Supply policies to enhance resource productivity, strengthen the private sector, develop investment and trade are all in reforming the country’s economic governance foundations.
The main purpose and priority of improving governance is undoubtedly reforming the structural imbalances of the country’s economic system, which on the one hand has made it difficult to achieve sustainable economic growth, and on the other hand, it is intertwined with the quality of governance and specifically the patterns used in economic governance, which cannot be imagined.

The head of the Monetary and Banking Institute noted: In such a context, the emphasis on “promotion of governance” is not merely a concept, but a transformative, yet strategic necessity that must be translated from conceptual levels to practical strategies, operational programs and institutional mechanisms. This year’s theme of the conference, with a special emphasis on upstream documents such as the Central Bank Law (on the eve of the one -year implementation), the Seventh Development Plan (which has influence in the monetary and banking field), and the production financing law is a step towards institutionalizing this transformational view.

Parvizian continued: While the Iranian economy faces multi -faceted challenges such as chronic and high inflation, currency fluctuations, banking intentions, and budget pressure, strategic decisions based on upstream documents such as the Seventh Development Plan Act and the long -term economic goals of the country are more necessary. This year’s theme is to highlight the link between monetary and banking governance and upstream documents; A link that, if properly defined, can improve efficiency, accountability, stability and transparency in the country’s economic policy.

He said: This year’s conference is designed with eight key axes, each of which somehow covers an important part of the aspects of monetary and banking rule. Here are some of the most important of these axes and their importance in the form of the conference theme:

The head of the Monetary and Banking Research Institute noted: “Excellence in Monetary Policy” as the first axis of the conference should be based on the two axes of monetary policy independence as well as the coordination of monetary and financial policies in order to achieve the goal of controlling liquidity and inflation. The lack of coordination in budgetary and monetary policies, and in other words, financial domination over the decades has been the basis for the weakening of the independence and efficiency of monetary policy. Therefore, one of the essential requirements of effective governance is the design and implementation of coherent, purposeful, and in harmony with other components of economic policy.

Another issue is to pursue the sentences and goals of the Seventh Development Plan in the areas of economic growth and employment. One of the requirements for realizing economic growth is the redesign of financing structures and credit policies in the country. One of the most important issues in the Central Bank’s law, along with the focus on monetary goals and missions, and financial stability and health is prominently the issue of “financing” of businesses and households. The central bank has targeted propulsion and priority production plans to pursue and fulfill the slogan of the year, which was determined by the supreme leader of the Islamic Revolution as “Investment for Production”.

Parvizian continued: Undoubtedly, macroeconomic stability, financial and asset market stability, improving business environment and removing barriers and problems in productive production and investment, equipping and allocating resources to productive economic sectors and propulsion, protecting ownership rights and enhancing investment security, enhancing productivity and utilization, increased productivity and use All various elements and executive agencies will be realized, legislative and judicial and strong determination of people and officials.

The head of the Monetary and Banking Institute noted: In order to provide non -formal financing of the manufacturing sector, the use of legal capacities such as the definition of a special capital account (under Article 2 of the Production Barriers Act) as well as focusing on chain financing tools, including step -by -step, electronic, electronic Rotating, it is necessary.

He added: “In this path, the main approach is that the country’s credit resources are maximized and targeted to the productive sectors and the deviation of these credit resources from the productive sectors to minimize.” Payment of the rotary credit facility [۱]Along with the rapid repayment used based on international experience to finance the working capital of firms, it can be used to targeted bank credits to effective production. In this regard, it is important to increase the control of consumption of facilities so that the facility is spent on its own subject and for policy makers’ goals. Also, in order to finance the currency of the manufacturing sector, the use of foreign exchange and foreign exchange securities (which is currently operational) and other currency supply methods and international financing tools can be helpful.

Parvizian continued: As you know, new technologies not only transform the instruments and processes of monetary and currency policymaking, but have become the subject of policy making. In other words, new technologies have created new opportunities to the banking system; But at the same time, they have also created risks.

He said the use of “vein -based” tools and online data analysis reduces the cost of compliance for supervised institutions and increases the effectiveness of monitoring. Expanding information aristocracy through the use of online monitoring systems, analyzing customer credit behavior, and using automatic reporting systems increases the level of transparency and reinforces monitoring of the performance of the supervised individuals, and in turn will be a major step towards “technological governance” in the country. According to the discussions discussed, the scientific committee of the thirty -second conference has devoted one of the key axes of the conference to the important topic of “new financial and monetary and currency governance technologies”.

The head of the Monetary and Banking Research Institute said the reduction of imbalances and the elimination of banking is one of the requirements of the monetary system in the country. When it comes to disobedience, a set of disadvantaged in banks’ balance sheets, government budgets, and business balance sheets should be taken into account. One of the characteristics of the Iranian economy in the last decade has been to reduce the share of other firms financing, including the capital market, foreign financing, sustainable tax revenues in the country’s economy, and increase banks’ share of financing by up to 5 %. This has led to intensification of pressure on the banking network balance sheet.

He added: “As you can see, increasing the interaction with the international banking system in accordance with the admission of standard international standards includes supervisory, precaution, operational, implementation and anti -money laundering standards, which guarantees increased financial health of banks.” At present, the possibility of operating in the international banking system has been severely weakened due to lack of adaptation and distance from conventional training, standards and procedures; Therefore, the return of the banking network to the standard international standards must be followed more seriously.

Parvizian said that in order to approach management standards and the quality of banking services and move toward the implementation of the seventh plan on capital adequacy ratio, quantitative and qualitative control of banks’ balance sheets and simultaneously follow the proper implementation of the correction program for injecting capital into state and non -governmental banks. Until such standards are met, the central bank has used methods such as a policy control policy as a macro policy. Continuing this policy, along with special attention to the quality control of banks’ balance sheets, can have a housing effect on the elimination of banking in the country’s economy.

The head of the Monetary and Banking Research Institute said: “Specializing in banks and moving towards providing distinct services is the seventh development plan.” The separation of banks is predicted to six groups of comprehensive banks, specialized banks, business banks, development banks, borrowing banks and savings banks, with the implementation of this project, each bank performs its own role in its specific duties. To better cover the main axes, two analytical sessions were organized and to further enrich the expertise of the meetings and to provide the policymaking policy advice to the policy maker, the pre -conference was held before the conference with the members of the Panel at the Research Institute.

He continued: At the thirty -second annual monetary and currency policy conference, a total of 2 key lectures, 2 workshops, 2 analytical sessions and 2 sessions of scientific articles will be held. Of the 5 scientific articles submitted to the Conference Secretariat, 4 are accepted, of which 5 have been selected for oral presentation that will be presented in two days of the conference. Also, the top scientific articles at the closing of the conference are honored.

Parvizian said: “In all the years of the Conference on monetary and currency policies, the research institute has always been the efforts of the institute so that this event can play a better role in the country’s monetary and banking field.” It is prone to the monetary and currency policies, after thirty -one successful periods, the monetary and currency policies have become a gathering for better interaction and the conflict of experts, experts and monetary and banking experts with the country’s executive body.

He stated: At the conferences of the past years, a valuable set of views, analyzes and operational strategies were presented by scholars, experts and economic experts in areas such as interest rate management, non -formal production of production such as step papers, eliminating banks’ and overcrowded banks. It is hoped that at this year’s conference, the scientific and expert output of the discussions, using the capacity of the relevant agencies, will lead to effective guidelines, regulations and strategies, and its effects will be tangible in improving the country’s monetary, banking and credit system performance.

The head of the Monetary and Banking Institute said: “In this regard, it is expected that professors, scholars, scholars and researchers present at the conference’s specialized meetings and panels will provide operational solutions and proposed copies to reform and upgrade monetary and currency governance in the form of a policy package.”

“At the end, I would like to thank the senior executives of the economic and banking system and the honorable professors, who have added to the scientific richness and the effectiveness of this event,” Parvizian said. Also, the Honorable Chief of the Central Bank, the Honorable Members of the Board of Directors, Managers and Experts of the Central Bank, Management and Planning Organization, Ministry of Economic Affairs and Finance, Chamber of Commerce, Co -operative Chamber, Parliament’s Economic Commission, Economic Research Institute of Allameh Tabatabai University, Majlis Research Center

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