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Disequilibrium in Iranian banks should be addressed: Economy minister
Speaking at 34th Islamic Banking Conference in Tehran on Tuesday, the minister noted that we have a good collaboration in the Economic Headquarters of the government, IRNA reported.
“I hope that gradually by stopping the government’s involvements in the economy, including in the exchange rate, the impact on exports will be prevented and consequently the trade balance to become positive along with the economy being predictable,” Hemmati said.
Good economic news is coming, the minister said, noting that considering the foreign exchange problems of the importers and their restrictions, our goal is to make the trade easier and to expand the production.
Speaking at the opening ceremony of the conference, Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin pointed to the recent upward trend of the country’s economic growth and said the growth of non-oil gross domestic product (GDP) has reached 4.2 percent in the first quarter of the current Iranian calendar year (March 20-June 20).
“GDP in spring was 4.2 percent. The combination of the growth shows that we are in a better situation in agriculture, we also had good growth in the oil sector, however, we faced a decrease in growth in the mining and services sectors,” he said.
According to the CBI governor, the inflation in the country is also expected to be curbed to 30 percent in the current calendar year.
The 34th Islamic Banking Conference kicked off in Tehran on Tuesday with the participation of senior bank managers.
Over the years, the conference has become a venue to develop banking knowledge and science, and exchange opinions between domestic and foreign experts with the aim of creating synergy in a worthy manner.