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Central Bank annual convention held with President attending

The 57th annual convention of the Central Bank of the Islamic Republic of Iran was held on Sunday with President Rouhani taking part, in which year 1395's monetary and credit policies were reported and the balance sheet was approved.

news id: 103309 - 

Sun 04 - March 2018 - 11:55

In the meeting that the Governor of the Central Bank of Iran Valiollah Seif was taking part, he reported on the most important policies and activities of the central bank in year 1395 and the economic developments of year 1396.

Seif said: "Inflation rate's reduction to single digit after 26 years, two-digit economic growth and positive trade balance are among the most important economic achievements of the central bank in year 1935".

He also referred to the decrease of interest rates of deposit funds, increase of housing loans, two-digit economic growth, financing SMEs and foreign forex market, among other things, as the most important achievements of the CBI in year 1395.

Dr Seif went on to mention economic developments in harnessing inflation to single-digit figures, organising illegal credit institutes, supporting production and promoting sustainable employment, developing relations with European and Asian banks as the most important efforts carried out by the central bank in year 1396.

At the same meeting, year 1395's monetary and credit policies were reported and the balance sheet of the same year was presented and approved.

news id: 103309

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