TEHRAN (Iran News) –The governor of Iran Central Bank says the government has prepared plans to curb inflation and to boost production in cooperation of all related bodies in the country, adding that with regular planning, the inflation will definitely be guided to the lower levels in the current year.

Speaking in his New Year meeting with the CBI staff, Dr. Mohammad Reza Farzin pointed to the naming of the current year by the Supreme Leader as the year of “inflation control and production” and stipulated that materialization of the goal of curbing inflation hinges on liquidity control, curbing the rise in the government expenditures and taking proper financial and foreign policies.

Farzin noted that regarding the inflation, the central bank plays key role, emphasizing that for years inflation has turned into a chronic issue in Iran’s economy and all of the establishment should work to curb it. He added that regarding the liquidity, he believes all indicators should be directed to the generative markets in order that its effects can be seen in curbing inflation and production growth.

He reiterated that taking a proper foreign policy will help the adopted policies in the forex and monetary markets, adding that for curbing the inflation, the country needs monetary and financial policies.

Farzin also emphasized reform in the banking system and pointed to some problems of banks in recent years which should be taken into consideration during reforming banking system in order to control liquidity and curbing inflation.

He then pointed to the launch of center for forex and gold exchanges and the role of this center in the region and the world, reiterating that this center has irreplaceable role in economic stability and deepening the forex market and in the future after the removal of the sanctions will boost the relations in the region and the world and it even under the sanction can help stability in the forex market by using modern existing forex tools.

Farzin reiterated that the Central Bank is the most important economic body in any country and it is very influential in the financial policies of the countries and its decisions can have daily impact on other markets and therefore decision-making in the bank is very tough and vital.