the law , which was discussed a lot in different governments, was discussed in different governments , it had a slow and slow process, there were many fluctuations, and finally it was promulgated. at the economics desk, we want to discuss what is going to happen to the monetary banking system of the country after the promulgation of this law. what is the central government going to do from now on, how open has it become, our time on channel 1 is over, if you are not interested, follow this discussion , keep us informed on the channel, thank you , you are with the economy desk, in the past years , whenever there is a financial banking event. the width that fell is one of the excuses that central banks always make the difference was that they do not have the necessary authority to resolve these conditions or the necessary tools . or they do things that

may later be interpreted as illegal. this law has come to open the hand of the central bank, to give more independence to the central bank, and i ask you to give this permission to the central bank to deal with the banks and the financial situation of the country's supply country with a more open hand. but if we want to know that you still have these days, for example , we worked on the news of noor institute here just a few days ago because natrazi and all his events were transferred to the national bank . you must have heard this news. you may have a question that if we want to know whether the functions of the country are working well or badly , this is how to find out that these things are happening. the health of a banking network, the health of banks and how they manage their debt assets in general , shows us the capital adequacy ratio. well , here you see, almost what they say is the standard, or something between 10 and 12, our target. if i'm not mistaken, our deposit was 8

, but we have a series of banks and institutions, for example, noor is one of them. you saw that it was so poor that it was transferred to the national bank. we also have other banks. now, i won't mention their names. their capital has gone down to minus 20,300. you can see that they are not in a good situation. of course, if we want to see the glass half full, we have a series of banks that do not have bad capital protection, and it can be considered that they are going through a good situation at the moment. but anyway, in this new law, you i will talk to the guest at my economic desk. the central bank has been given this authority. its hand is more open with these types of banks that are not in a good situation . it can deal with them under easier conditions with the most open legal hand. it can dissolve them, merge them, and do whatever it wants. details i will tell you more about the next picture of rome. if we see it, there is another one, which is self-sufficiency . i told you about the accumulated profits and losses of banks, credit institutions, the same three or four banks that don't have good capital anymore. well, naturally , you have a lot of accumulated losses here. mee mee

you see, i won't mention their names again. there are also a number of banks that have accumulated profits . their situation is naturally better. at the economics desk , we want to answer a few questions about what the central bank could not do until yesterday. how much easier has it become in the removal and installation? now we talked about the situation of the banks. in the horizontal situation, how much more open is it? what things you could not do until yesterday. how much should we increase from the central bank if the report i don't think it is ready. our report is not ready. let's go and start the program. if you agree with the guest of the program , we will get the answers from the guests of the program . we are at the service of the economic commission of the islamic shura majlis, as well as mr. khosravi, a monetary and banking expert at the majlis research center . i said

, "let me ask mr. taghianani what is the need for the new central bank law to be enacted and promulgated." allah, the merciful, the merciful greetings and politeness and respect to you, dear people of iran, as you mentioned, our main problem was that some of the goals we were pursuing in the country's economy and everywhere in the world were among the duties of central banks, for example, maintaining the value of the national currency. inflation control. appropriate monetary policy in order to create economic growth or directing credits to create employment, etc. in our country due to the legal structure that existed, practically did not allow it to come from the central bank directly and in the form of a play, which we wanted about these the policy maker is usually the head of the central bank

they often mentioned that we do not have enough powers to meet the expectations and demands that are being raised, the state of the banking system was sometimes not good, some banks were in serious trouble, and the governor general of the central bank in this parliament reminded me of the previous and previous governors. they often complain that the central bank and the governor do not have the necessary powers. from this point of view, the law of the central bank was introduced in the 17th parliament, of course , it has a history that this law and this amendment were brought up in the previous parliaments and a lot of efforts were made. there is a place to appreciate and thank everyone here those who worked on this issue in the previous three parliaments. it was achieved in this parliament and a lot of efforts

were made in the economic commission and in the parliament as a whole. france, because you raised this point , you mentioned the previous presidents of the central bank. how much do you think the problem was really the law, the central bank was closed? and how much do you think, no, the performance of the central bank itself was really needed , so it is better to see that if we want to make a contribution, say that part of it is probably management problems and the lack of use of the capacities that were given to them, and part of it was due to the law, the weakness of the law is definitely that part. that i was under the weakness of the law, or the situation was greater, that is, really, yes, we had management problems in every period, but the weakness of the law did not allow him to perform very well even if the manager was a good manager. my main point is that the reality is that the expectations and expectations from the central bank used to go with the facilities available to the central bank, the governor general and the policy makers in the central bank

. in another case, the system used the same limited facilities. enough because now you say you have more powers. i should mention one of the example one of our problems was the structure of the country's credit money council. the structure of the credit money council was in such a way that the ministers who came from the government and were not really responsible for the policies of their central bank, that is, they were not responsible for inflation and the value of the national currency , etc., but for were their own departments accountable or followed, they made decisions in the monetary and credit council , or in fact, the monetary and credit council went in a direction where the governor general of the central bank could no longer answer about the performance of the monetary and credit council and be accountable for the monetary policy of the central bank. ok actually

he also had one vote in the money and credit council. now in this new law, the number of people in that high body that replaces the money and credit council has increased . four people who are experts in finance, banking, banking law, etc., and are not currently in the executive branch, can even criticize the central bank's policies in the same high bodies, apart from the chairman and 2 of his deputies. it means that 7 out of 10 people in the central bank itself is a relatively acceptable majority they can make monetary policies and then be accountable to the parliament, to the government, to the people about the things that are expected, god willing, mr. khosravi, what is the requirement now that now with all these powers that have been given now, they say they will

be accountable, tomorrow is the day that if we came here today, we sat in this same meeting, let's check, let's say, well , the central bank had this authority, but it didn't use it . i'm looking at how much the law here has from that side. well, in my opinion, two pillars are needed at the same time, it means that we say that there is actually a law, how much it can be implemented or not, it depends on the law itself, that is, a good law, in addition to giving good powers, the executive must see the will to implement the law in himself, that is, criteria and, for example, obstacles. which involves the implementation of that law, in my opinion, to a good extent, this actually means that there are two points that make one hope that this law will be implemented well, one is that there are a series of obstacles that prevent the implementation of laws,

for example, disciplinary laws and precautionary orders, for example, in it was in the field of banks. in this law, those obstacles have been removed now, for example, of course, the intention is not to blame anyone, after all, one issue could be an obstacle, that is the conflict and interests in the structure of the central bank and the banking network. finally, in this law, there are rules that the members of the central bank , including the executive board of the supreme board and the disciplinary boards of the banks' shareholding rights, do not have the right to receive their fees and deposit them in the banks. well, these are all mechanisms that endogenously help the implementation of the law, this is part of the story, part two. the reality is that the process of approving this law was in such a way that now the executives really sympathize with this

law, which means that there is a time. for example, suppose a law in the parliament is now approved in a commission without the presence of the executives and without their support and sympathy. when it is announced, the executive follows. this is why he should not implement this, but at least my personal opinion is that due to the fact that the governor general of the central bank, the minister of economy, and the honorable president are aware of the details of this law, the other organs of the system, for example, the honorable members of the system's expediency detection group, all in fact those in the country after all, they have a political power . now, in the process of this, in fact, taking the law and your participation in the approval of this law, in my opinion, these are the areas that make one hopeful. the central bank welcomes this law with open arms. it is hoped that finally these synergies, partnerships and regulations will actually

help the implementation of the regulations contained in the law itself, but i must say that this should not be enough. then it is the duty of all of us, including ourselves, to make this law is there to seriously monitor the implementation of this law , which means, well, you know, this law will be implemented in 6 months, june next year, one of the most important orders of the commission should be that this law , for example, let's assume that the honorable representatives of the people have worked hard for it for 7-8 years. if it is implemented, this is a duty that both the parliament itself must follow up on and the president himself, as the supervisor of the accountability authority of the central bank, must supervise this . the law is a detailed law, but in the example you gave, you mentioned two things, one is transparency. for example , the deposit rule and the status of those in the bank we said about the conflict of interest center, can you open this up more for the viewers, for example, for the transparency of the activities of the board of directors and what is going to happen, how clear will it be. in this law

, the rule that has come is that you know that now almost without exception, all the causes of the money and credit council, that is , the decision-making authority in the central bank , are confidential. some of them are not really necessary for you to see, but all of them are given a secret seal by the central bank so that no one knows what is happening. well, two important things happened in this law. first, he said it was over in fact, the approvals are based on the principle of transparency , which means that the principle of good governance has been observed here, and there are a few exceptions that must be mentioned. okay, people , well, we can't disclose that, it's normal, but apart from these, all approvals are required, which the central bank and the higher bodies should make clear. a separate positive point, in addition to the issue i mentioned, is that the details of the negotiations should be included.

that is, you as the media mr. doctor as the parliament member should know that this race has come to the bottom, whether the interest rate will go down or up , who will decide who agreed, what was the argument , and what was the reason for those who actually disagreed, and after a while, this will provide the context . you can evaluate the policy making process in the central bank. thank you very much, mr. taghiani, our situation now, because the law is also the money supply, we, as a bank , are talking about it a lot in circles these days . what is the situation with our bank now? how much more open is his hand because of the same hints that you made, how much more open is his hand to now take this to the direction of reforming or liquidating them? yes, well, look, until now, we had considered limited powers for the central bank, the central bank is actually a supervisor.

in the law, he supervised the activities of the banking system, but he did not have enough tools at his disposal, that is, the legislator had enough tools , especially in this situation that we have recently found in the last 10 years , we have found in the last 10, maybe 20 years, that practically there are as many as possible scanning and masking used to work in the old days i want the money to take its place. most of the transactions were done with pseudo-money. this means that digital money has actually come, etc. it means that the banking environment has actually changed a lot , creating credit has been very effective . they all felt that they had a duty

to do something, but now in this recent case that happened when the governor general of the central bank , the former governor general, had received permission from that council of heads of powers to intervene and rebuild. to reform one of the country's banks, but later with a complaint, that is, after the deadline was over, and the shareholders complained, the renovation was practically stopped halfway through. what is happening now? now, for example, in the statistics , we saw together that the capital adequacy of many banks is negative , and there are many of our banks that do not have a good balance sheet. if he says, the same thing that was a brief permission in the coordination council of the heads of forces has now become a law. this means that

the central bank can enter the restructuring process and enter the transition process with the approval of the supreme board. rebuilding for the institutions that have hope for their return and revival , now some of these cases that you have shown here are really not possible to be reconstructed in any way , that is, they must enter the transition process, be merged, be dissolved, be assigned duties, here the law allows this to the president and that the supreme board of the central bank gives it to decide on this and this point is also interesting. there are features in this law that if someone objects to these two , he should complain to the police authorities in the central bank . the abstract of my opinion is there. finally, for example, take your complaint to the supreme court of the supreme court of course, i would also like to say that the interim order of the court has been banned in this case , which means that the operation is now possible in the central bank, provided

that he wants it now and the action required by the central bank managers to get things organized, this is how i think. the network itself and the banking system itself have a lot of work to do, and the space that was there before has ended . mr. khosravi, now we need some time to talk about cross-cutting issues . how do you assess the banking situation now, mr. taghiani? what are you thinking now? what is the situation, which banks can the central bank find easier now? go to them in order to make a decision for them, go to this gazir and the others that you mentioned, see one of the most important indicators that actually exist, you said , we have seen the ratio of capital adequacy in my chart, but the law has also left another indicator that you in other reports, you were sensitive to the method of bank overdraft. with these two indicators

, the law said that the central bank has seen a process . now, in particular, i say that the central bank should sell this operation in the beginning. this is how it should be done. he informs the bank of the corrective measures and says to the bank , "sir, in order for it to improve , you have to give me a package. i think article 29 of the law is correct. if the bank does this completely, then the situation will improve. if it doesn't work, then the trigger is really strong. " it has been given to the central bank , first of all, the first thing is to remove the members of the general assembly of the board of directors and put them in charge of the banks, and the plan that he had for the bank to improve is now with people he moves forward by himself, if he is in that process, this is a rule seen after one for a while, the supreme board or the central bank saw this bank , despite the fact that i thought there might be a possibility to revive it, like

this happened to maas nouri, but it didn't happen, it can enter farinde gazir, the same thing that mr. taghiani said. he said, well, these were things that we didn't have authority from until 2017, basically, since then, with the initiative of the supreme leader of the revolution, about the council of heads , having such authority was given to the central bank , well, there is time for this in this new law. this overdraft has time to see, for example, you are the same in fact, the supervisory board that i mentioned is for one year, which means that it is not possible, for example, to assume , like the one we saw recently , that we leave an institution for 5 years as a supervisor, and finally, with, for example , more dissatisfaction, we collect the issue for one year. to extend with a necessity , it should be discussed here now, in fact , there is a necessity now, but after that, the process of passing and all this is before

the bank . they are involved in it so that this complete package is also approved yes, but i want to say that this is the reform process of the banks, which means that it starts with the corrective measures , a temporary supervisor is appointed, and then the transition process. the relationship with the judiciary is that we had a significant part of the damages that we had . i am not saying that everything was right with the central bank or with the judiciary, but this relationship was not set up correctly, which is really a mistake and the speed of the proceedings. from the increase , well, see what is said in this law let me tell you before, this law used to be like this. as soon as the bank gave an order, the central bank gave an order that mr. so-and-so should sell your property or so-and-so

, well , if you know the way, the bank would go to the judiciary and file a complaint, and there they would get a temporary order. the central bank is hands up for me to handle. in fact, this process has created a negative learning , it has destroyed the authority of the supervisory authority. in this law, it is stated that the right to complain and the right to compensation exists for the shareholders of zainfaan motazar bank, but no one has the right to the bank. merzi says that this issue is also in your hands in fact, with the nobles who are the head of the judiciary and the help that happened in the assembly , their pathology was that this process is actually affecting the monetary governance of the country and this was banned. what i said, if it wasn't for this , i really wouldn't have hoped that something important would happen, but now the banks really know that if their problem is not solved by the central authority , they can't go and find excuses and

continue the same process as before. now that we have seen the adequacy of the capital, you have also overdrawn it it is mentioned in the report, for example, there is a bank with an overdraft of 80 thousand billion tomans , and it is not in a very good condition. in my chart, they are not in a very good position. when will these tasks be determined ? now, they will either have a supervisory board or we will go through the process of passing them on. there was one problem , and that was that if it was supposed to be after this law, the same strict rules as there are in the world for banks. for example, 70 banks could be implemented in that process, a measure was seen in this law, and that is that he said that up to 2 years, in fact, he said that if an institution that is subject to the provisions of this law and the schedule of this law is subject to the provisions of putting a temporary supervisor or should go to farhand gazir

, but he has decided on one condition that he will be good from now on, which means that he will fully implement the orders and actions of the central bank's decisions. let's assume that the same example you gave should go to the bank in this central bank process it can move forward case by case, provided that the situation does not get worse, but after two years, if you assume that the central bank uses this authority , then what the law intends is that you will not see these charts after two years, that is, until the end of the government, for example, in these two years , the central bank has a chance, it gives them a chance to change their approach, increase their capital , and enjoy corrective measures. get a license somewhere else, that is, you right now this law

has given this authority to the central bank group, it is also the same as liquidation . if we want to put it in a simpler way, mr. taghiani, let's go to the broad powers that are given to the central bank. in the previous periods, for example, decisions were made , sometimes it became clear that now it was either against the law , there were many lawsuits , we were afraid of the executive authority making decisions , what is the difference now in the territorial area? that the transverse system of the country the floating rate should be managed in article 44 paragraph a. it is clearly stated that the country's rate system is defined here and the characteristic of the central bank is that it cannot have a mandated rate anymore. . we can no longer

have a rate independent of what our horizontal reserves, the ability to export and import and managed floating, we had before the semester, but it was not so clear in the law of the central bank , we did not have it in the monetary law of the country, so here comes the horizontal system. it is characteristic for the central bank to help first it should contribute to the stability of the currency market and the task of stability of the currency market , and secondly, to maintain the value of the real national currency, that is, to be able to maintain the real value of the country's money, but it did not have more than this before. do what you want. now the central bank is allowed to intervene in the market. it means that it is possible for the central bank to intervene in the market so that these goals are achieved . couldn't you have intervened in the market the same year before? we didn't know where the central bank is

intervention in the market. not only in the broad market , in related markets such as the gold market, the bond market , etc., the central bank can intervene to achieve the goal set by the law, in addition to this, the central bank can actually take over the government's cross-functional work. the title of discretion has been given to him, but the central bank cannot provide rials before the supply is available to the central bank. see, we did not have this, the events that used to happen and we were beaten, that is, the central bank would not have provided rials, this is an inflationary rial. this request was made 6 7 yards and other cases, this was an example, so this is now criminalized, which means that the central bank cannot enter the supply market in this way, even though my relationship with the government is defined and

it can act according to this definition of the relationship. there is a very important point here, let me tell you, the responsibility of the country's economy is based on the constitution of the president. but my point is that the central bank, different ministries each have a duty according to the law. interventions or lack of definition of relations would actually cause the central bank to fail its promise. monetary policy and transcendence it was the central bank, with other measures , this duty of the central bank would be practically distorted, and in fact, i believe that the parliament in this law , with the support of everyone, with the support of the assembly, with the support of the government, the governors of the central bank, is the greatest service to maintain the power of the national currency and to control the reins. inflation , i hope you will see the results in the coming months and years, god willing, mr. khosravi , we have a minute less time to sum up your summary regarding

the positive events that you may see in the broad market. the central bank was again in the framework of the meetings of the leaders of the government, which means that a part of the central bank's time was really spent on this issue, and the important thing is that basically , why is the width so important to us ? he did not pay the right amount. that is, if we had a correct monetary policy and the expectations based on the monetary policy were formed , the currency market would not have been in the public's attention. it is hoped that with the approval of this law , we will have a truly disciplined and organized monetary authority in addition to a correct monetary policy. generally, the importance of currency in people's minds decrease, thank you very much to all the guests of the program, to all the good viewers of mez ekhoztan, who have always accompanied us until this moment, god bless you.

in the name of allah, the merciful, the merciful, i say hello , dear viewer, welcome to the stock news. the head of the department for dealing with publishers' violations of the stock exchange organization announced a monetary fine and strict jurisdiction of managers and board members of a stock exchange company. mr. hatami said: this company was disqualified due to non-payment of funds from the sale of unused pre-emptive rights from the place of capital increase.