TEHRAN (Iran News) – Minister of Economy and Finance says the inflation rate will be downward next year and the main task of the government and the Central Bank is to lower the inflation rate.
Speaking in the first national conference of Qarz Al-Hasaneh (Loan without interest) in Tehran, Ehsan Khandouzi said that the main task of the government and the Central Bank for next year is to reduce the inflation rate comparing to this year and expressed hope the forex market faces lower fluctuation next year due to handing over authorities to the bank.
He went on to say that while the banks have more than a five percent delay in payments, this rate in “loan, Without Interest from the banks of the Islamic Republic of Iran is half a percent, which is lower than the common rates in the world.”
“Loan, Without Interest’, as a recommended duty in Islam, has always had a special place in the economic cycle of the Islamic Republic of Iran,” he added.
The first national conference on “Loan, Without Interest”, titled “Explaining the position of loan, without interest in Iran’s economy,” was held on Sunday with the presence of the Minister of Economy and other central bank officials.
Khandouzi while referring to the inclusiveness of banking as one of the pillars of justice in the country, said: any part of the economy that is more efficient will benefit from the loan, and with more transparency in this matter, the society will also trust it.
He once again called for popularizing the economy and more participation of the public and said that economy whose roots do not return to the public support will not remain sustainable and sustainability of economy is the outcome of the public participation in the economic activities and social progresses of the people. He noted that one of the strategies of the government is to strengthen the dimensions of social justice and people’s economy.
Khandouzi also urged Majlis not to increase the ceiling of the budget and it will lead to interaction between Majlis and the government and it will help the government to control the engine of inflation like the past year.
