Monetary and banking policies, the reason behind Iran`s sharp price rises
TEHRAN, Iran, Sep. 28
The minister of Industry, Mining and Trade said that the issue of the rise in prices should be solved with the cooperation of the Ministers of Economy, Agriculture Jihad, and the Governor of the Central Bank
"The rise in price is not related to production but monetary and banking policies. We must deal with this issue in cooperation with other ministries and the head of the Central Bank,” Razm Hosseini, the minister of Industry, Mining and Trade said at a meeting with economic experts in the Chamber of Commerce today on Saturday, Trend reports citing Mehr News Agency.
He emphasized the importance of the private sector and specialized parliamentary factions in the policymaking process.
Pointing out that the country is in a very difficult situation today, he says that "In addition to sanctions, we are currently combating Coronavirus."
He went on to mention the 2 plans presented to the parliament.
“The first plan is based on upstream rulings, resistance economy, and the Sixth Development Plan which is less likely to be implemented in the current situation,” he said.
“The second plan is based on the resistance economy, in which the economic actors have a wide role to play,” he noted referring to the private sector.
Stating that the livelihood of the people is in danger, Razm-Hosseini said that "We are looking for market management, not market interference."