[000:00:16;00] between the corridor and the economy, i told you about the latest news from the central bank , but there was also news from the ministry of economy that a large part of the state-owned banks have come out of losses. if we look at the first picture together, let's see how effective the central bank has been in controlling liquidity, which we have mentioned many times in various programs, which is the main source of inflation and liquidity, and when was this line that you can see 6400m during

the 13th government on the work done is 428 and the growth rate the growth rate target liquidity for 1401 for the central bank is in the percent channel. for this year, you have a 25% channel on this trend. you can see that there was a decrease at the end of 1401 in this world and the hereafter. pay close attention to the 31st of april, almost close to the report made by the central bank for the year 1404. 4 is the latest statistics of the central bank, we reached 27, almost this first quarter of the year, two examples can be seen that the first source , a large part of the cheap to your presence, the targeting of the central bank in the field of liquidity control , let's see the next picture together, which is much more for various visas talking could not lead to inflation control we are checking the point-to-point inflation of consumer goods and services based on the year 1400, which since the government took

over 6400 from the efficiency of the purple 43 science, it has decreased to 36 and one-tenth percent in the 2401 tower. million more than the rate of inflation that the government had taken over, but how far did the trend continue until fifty-five and a half in the stock market of 1402, that is, april of this year , but the decreasing trend started until 39.4, which is on 4402, the latest statistics of the central bank 1400 years of this channel is 39% targeting channel the central bank to control liquidity in the radical 30 % of religious and quranic education, let's see a picture together, in addition to the consumer inflation rate, which is very important

, the producer inflation rate is very important. in 1395, the government is about 70-70% producer inflation from 1400 to 1401 has reached 32% , of course, these years will change, the changes we will have in this trend , the general downward trend of the report of my colleague in the bank and insurance group, prepare the news agency, let's see together , the return of the conversation started. inflation rate coat on the rail the decrease in the rate, the increase of which had raised the voice of the people, on the night of eid 329,580, the people bought and the prices were much higher, what should i do and the government officials are complaining, the inflation index for the government in the current situation is a satisfactory complaint, which

is far from the inflation targets. the main thing is the reduction of the gross national product with what we have now, the growth of liquidity in the economy, which we do not have for production, its growth in 1400 had reached about 40%, liquidity in 1400 was 39% growth rate and this caused in the meeting of the vote of confidence in the ministers of the 13th government, the parliament has one of its thoughts to control this, the central government and the 13th parliament put the issue of curbing liquidity growth on its agenda, which the central government has taken steps to reform the banking system and liquidity growth, such as creating transparency in banking facilities , more monitoring of banks, the government not using

the government's only effort was to use other alternative methods to use the resources, and we are monitoring the balance sheet control of the banks alone, and the state of the banks. this rate was reduced to 31 and a half percent, and this downward trend caused us to set a target for the growth rate of liquidity by the end of this year to control 25 percent of liquidity. mehr 1400 reached less than 30% in july 1402 and now in july this rate

has decreased by 27 and a half percent . liquidity until the end of july this year compared to the same period last year with a decrease 3% reached five and six-tenths percent, which can be a 25% increase in liquidity by the end of the year. sara fazli, sada news agency. my colleague's report is here . the percentage of the economy of shirjan, the vice president of economics of the central bank, is present . colleagues, i present to you and my first question and the most important question is what relationship can we get between inflation and liquidity now, first of all, because i served the viewers, it was important that we reach that you can say that you can here

, this relationship can be called allahu rahman. al-rahim ba greetings, politeness, respect, and god's strength to serve you, dear colleagues. courtesy and respectfully to the dear viewers . i offer my condolences on the days of mourning for imam athar, peace be upon him. may the good prayers of hazrat masoumeh be blessed and be included in the condition of my dear people. the week of the government is to serve all my servants. i would like to express my congratulations to the government institutions and the public sector. to answer your question, i believe that it is necessary to change the definition of the central bank's policy and the economy of the central bank, in other words, the government's economic approach , to the position of control and management policy.

i would like to offer the liquidity to your highness and nobles during the period there have been those on which the central bank defined its economic policy and approach and explained its policy framework and axes to the general public and economic activists in the 13th government and wanted to define its economic policy during the new management period of the central bank. of course, this economic policy reached the hearing and opinions of economic experts and activists , and this policy was completed based on the point of view that the dignitaries had. they define policy as one

it is a conventional policy in macroeconomic management, the policy of economic stabilization, the central bank chose to be one of the locations of the core liquidity control and management , in a situation where, in fact, i want the so-called economic variables , economic turbulence and a lot of height. economic rulers and monetary authorities are adopting the characteristics of policies that can bring these macroeconomic variables to a stability . what is the benefit of recording economic variables so that in fact companies and economic activists and the general public can have a predictability towards the situation economic and macroeconomic variables should have the same account, in fact, considering that during these years, macroeconomic variables have been subject to many turbulences, which i did not tell you now

, but i will tell you about, for example, the average growth of the exchange rate , the dollar rate in the informal market in in 45 years, the percentage of this number, when you go to the 80s, the average selling rate of the dollar was 27%, the average growth of liquidity during the last four years of 1401 was 33% . again , write this number in different periods and decades. the lower level of average cash growth is 30% and 28% similarly, regarding the monetary base and inflation, average inflation in the past decades and average housing in the 80s, in the 80s and 70s, the average inflation in recent years is about 44%, economic variables have many fluctuations in practice, and from this

stabilization policy economic as a conventional international policy is adopted , this turbulence of economic variables is controlled by myself, hello, liquidity and inflation control, the framework of policies, the characteristics of liquidity control and economic stabilization policy. promotion of value addition liquidity in the country's economy is a variable that affects inflation in the medium and long term and thus has a negative effect on other economic variables. it is liquidity , whose growth is not proportional to the growth of the real sector of the economy

. it cannot lead to false demand. false demand leads to inflation to the elements of the field of economic stabilization, the issue of regulation and management of the currency market is that we can actually regulate the monero currency market, regulate it, and bring it closer to the real farms so that the settlement in this market is done based on the regulations, pricing. the false information that is formed in this market, which the central bank has considered as its economic stabilization policy, the debate is actually strengthening supervision and reforming the banking system and reforming the types of imbalances of banks and credit institutions, chapter 3, part 14, regulating

the relationship between the government and the banking system both the central bank and the banking network of the central bank have considered the image policy. the fifth topic of the discussion is actually improving expectations and public discourse and literature under the title of communication policy, and explaining to the people about the policies of the central bank and the monetary policy authority. help the improvement of expectations is the spirit that governs all of this, strengthening supervision , strengthening governance and regulation in the money, currency and credit markets, and strengthening the credibility of the central bank as the voice authority for the answer to liquidity and inflation . thank you for your detailed introduction.

and the news of mr. zaiba and delnashin for today about the banks, the order to control the balance sheet of the bank, the details of the central bank , what effective and serious measures did he take to be able to manage the liquidity and management and the new policies that we have in the field of liquidity control and the policy of controlling some of the balance sheets of the banks that effective in the palace showing the world means the liquidity growth that we had at the beginning of the government was 42 percent, 8 percent today, 27 percent targeting the car in 1402, which was 25 percent . the growth of the balance sheets of specialized and commercial banks has become a constant for the internet. it is one of the factors that lead to the growth of unsupported liquidity

and the creation of unsupported liquidity. in fact , the right side of the banks' balance sheets is already made up of low-quality assets that a stream is actually a bead the liquidity of the central bank according to the state of health indicators of the banking system was actually one , it specified a balance sheet growth ceiling for each time , based on the state of health, the latest statistics of how many banks are burning in the case of the private bank of the period, they are public, private and public. in fact, they are private and on a monthly basis , we determine the status of this control limit, the amount that we have defined each time. this bank will be satisfied on a monthly basis. this bank will pay

a violation on insta through a fine of the legal deposit rate shield, and in fact, we will apply the law if in the period the next to a certain extent that he had defined again, you mentioned islam, non-compliance has not been done. if they don't comply for one month, then the second month is between the corrections. it's not like they didn't comply in all periods. it's possible that they didn't comply in june. they may have complied in july.

before, we used to define a percentage for each bank, but in fact , we have considered the amount of 1500 billion tomans for each specific amount. the new period is from a percentage to a number and the bank before the classification, and the percentage has a better and greater impact than the previous year. in fact, for each bank, the number is like what i said. what is a one-year bank? banks are healthy and unhealthy. they have more unsupported liquidity , just like the bank's own assets. there are different types of nations, and in fact, there are different qualities of inadmissibility. national bank has an inadmissibility quality, and

we analyzed a series of assets that actually help a lot in the credit flow of banks. the fact that you said that you are coming, you are so drunk no bank person did not comply in july, we will comply in august if a period of 6 months is basically the future and you have other tools such as introducing the ceo and the board of directors to the bank's disciplinary board . payment of facilities and acceptance of large obligations, new restrictions on payment of facilities and obligations to related persons or related persons , even though he said this day, it seems that many

banks provide facilities to persons related to you. revival of the decision making process in fact, we have completely imposed a ban through the samat system to pay facilities and accept the commitments of related companies in the animal process . how many can i give in other processes?

which emphasized more restrictions in the central bank , banks and credit institutions have hair, this balancing is actually a liquidity imbalance. regarding the state of the financial system and what is defined under the title of this hall thirty and bankruptcy , we had other policies such as the regulatory policy which is legal through the application of the deposit rate, and if i ask the order , how much will the balance sheet help me with 99% expertise? begin the control of the balance sheet at the service of your excellency, i would like to evaluate the detailed report, he explained, in fact

, i cannot give an exact number, but other policies should be done with the joint assistance of the central bank and the government. 2019, now 3,800 units 19,650, 21,700 accounts are now concentrated from 99 to 1400 in the middle of august, 1401 accounts from the central bank, and this liquidity has left the banking network and has been noticed by the central bank. the central bank realized that our banks have experienced liquidity fluctuations in recent times, and this, along with the fact that the treasury accounts of the banks are not in balance and the long-term positive effects that this policy must be implemented strongly, will

contribute a lot to our economy in the short term. right now, since 1400, 1401, 207 years ago according to the central bank, the government deposits are deposited in the banking network. in fact, the management of this issue is given to the central bank . according to the liquidity requirements of the banking network, it expands and contracts and performs the necessary liquidity. i don't have the patience to deposit the account with tetlo. the former secretary general of the central bank and the district actually said that the government did not borrow from the central bank. there were no food competitions

. did you say or not ? it is actually one of the positive things that in the 13th government of our company, in the previous government of tehran, 50 short texts were used about the government in 4 months, which in the second half of the year, 1400 government officials clarified that one of the positive events of 18 was done in the regulation of financial relations between the government and the central bank. and from the place, in fact, there is energy with the aunt, foreign for you, we allocate for the difference of buying and selling equipment and we did not print money , continuous use, in fact, if there is not a shop, in fact, the debt to the central bank will be added, but the amount of the deposit is more than the air

it has been cut that in 1401 we have a positive impact that net central bank's demands from the government based on money that is 18 percent positive 18. do you like it? i want to ask a question in this section of liquidity and another word, which is the specific relationship between liquidity and inflation, the answer of economic literature and policy reports that have been prepared. what is effectively the central bank's liquidity is to focus on liquidity control, we have a theory in the economy and it has a famous relationship in the economy, so that there is a certain amount of money that in fact, between the growth of liquidity and the growth

of inflation, the economic growth should be adjusted behind the liquidity. there was a relationship about the union of 11 banks the central bank has focused on controlling and managing the past as an important variable and inflation has also increased regarding the monetary base, and usually the monetary base and liquidity converge in the long term. it was a percentage, but now it's almost the opposite, now with this intensity

, the monetary base is more than liquidity fluctuations, and these two variables are converging in the long term. there is a period to expect the base it does not have money and local fluctuations from the arabs, and this is what is effective, because it is liquidity, which is actually a commitment to the demand of banks and the demand of people to buy from the bank, and the rest is not as manly as the police, it can lead to inflation and how much is its price. inflation in the last month of the old year or point-to-point inflation of the 30% channel, which fortunately, the explanation and information of the central bank

are the same. the question is about the latest state of economic growth and economic growth. please tell me the latest news . what is the latest state and how is the central bank going to act? the power to provide facilities to above the light that it should be non-inflationary, that is, to show the economic growth among my dear colleagues on instagram. am i saying that we did liquidity management in 1401 and targeting copper, the percentage of the budget was about 31%, a figure of 45%, and the balance of the copper facility was 7.4%. in this same year, one of the issues that we focused on was the leadership of increasing the liquidity of the government gate 152 in 1401 and at the same time controlling the liquidity and

the latest growth of financing facilities in the real sector of the economy. the four months you said, july last year, growth 8th and 8th education is financed by control through methods of financing and increasing the productivity of cash growth. how much is your name? show me that we intend to arrest me if i show it. i will tell you that i showed economic growth in 1400 and 1401. the percentage in 1400 is 14% based on the information of the central bank of the four years leading to the 13th government , which includes the 12th government, six tenths of the number, the average of these two years

is four and two tenths of 400 six tenths, the percentage of the economic growth of the thirteenth government is 7 times 24 years. the previous government during two years oil and gas in four years actually daulat abad had 101.10% in 1404, and gas mines, industries and mines were 1.19% . the performance of the government in 1401 was 6.5 % of industry, of course, 9.5%, that is, our industry was 1.91%, 10400 and i take half a percent from work. when i arrived at the age of 10, it was 80% from 99. in 1404, the average investment growth from 9999 was negative 5.4%. in 1401

, our investment growth was 67%. i thank you, god , protect him, in the name of allah, the most merciful, the most merciful. peace be upon you, my dear and respected countrymen. stay tuned with the stock market news. capital market, the spokesperson of the stock exchange organization said that in order to support the capital market , up to 6 thousand billion tomans worth of subordinated put option bonds will be issued.

investors can