Tehran, Iran, April 13
Trend:
Former deputy governor of the Central Bank of Iran said that the boom in production requires the government to tackle the obstacles of production with the help of the parliament.
“The economic boom has been a neglected debate over many years in Iran, as well as the banking system, which needs to be given more attention,” former Deputy governor of CBI, Heydar Mostakhdemin Hosseini told Trend.
"The banking system is like blood in the veins of the economy," he said, stating that Iran's economic structure is completely dependent on the banking system.
"Currently, our banking system is providing financial resources for projects, while the long-term financing should be provided by the capital market," he said. “This system should be reviewed and reformed.”
Hosseini said that some fundamental measures have to be taken to boost production in the country, but first, the policies have to aim at stabilizing the production.
He also said that imports of items that are manufactured domestically, should be stopped, and on the other hand, the government should provide necessary infrastructure to help export domestic goods abroad.