why am i talking about this, because we actually have a report from the central bank waiting for us,t even about the central bank itself, but there are still some points that i would like to just show for comparison, because it has been said. i won’t hide the idea from my lips, but this is how this idea mainly wanders, it is connected with the fact that, well, actually you need to pay for your actions, i’m not even talking about words, i’ll tell you about them, vich touched on the topic correctly, you have to answer, so here you are look, today, i just want to show for comparison, the central bank, which according to the constitution should deal with a virtually stable ruble, is actually implementing the floating practice today, excuse me, toftology, implementing the floating practice... i dare say here that this is not additional , but the main factor, and if we let's rewind a little, then the second year, when the financial bloc was actually confused, due to the fact that a huge number of sanctions were introduced at that time, including in the financial sector, decisions were some

almost 65% of our monetary base is owed by the banks to the central bank. what does it mean that the bank has a general imbalance and has an unhealthy performance, and according to mr. yazidzadeh, the same banks are playing in the market , they are looking for unproductive work, the credits that should go to production go to unproductive production measures, then costs and who will compensate for the loss? what should the central bank do in terms of foreign exchange policies ? can we take 650,000? that nothing has happened in the economy, until these issues are resolved in the economy, the exchange rate will inevitably increase, unfortunately, but the central bank and our government in general have a choice or allow this increase in the land rate to be an osmosis and the resources the currency should maintain itself to develop and actually create the resilience of the country against. shukar or not, like in the past few periods , continue this step system of jumps, which we did not tell you about our economic situation. we can take the first step towards ret

thing as young people say hype in... the topic of the digital ruble, despite the fact that the central bankthat it is only testing platform, a number of banks have announced that they are taking part in this testing, 30 banks this year will be involved in this experiment, but the digital ruble is still not from this series, these banks do not need a digital ruble, why if there is a central bank platform , no, the central bank platform, no, it means that all this is being digitalized. the corresponding systems that serve telephones, the internet, that is, the internet will go away, but the banks themselves, their role will be reduced; they will die as an institution, this is what we are talking about, the central bank introducing digital ruble, has and sets other tasks, so tell us a little for our audience whether we should be afraid of the digital ruble, because these conversations are starting that we will be watched at every step. all forms of payments, all forms of non-cash turnover will go into the digital ruble, what are its advantages: that all payments go through central banks, the r

is taking part in this discussion, what proposals does the central bank have?rstand more on what premises we are based, the main minus is that this can be perceived as - some comments on the possibilities of management, therefore... the future of preferential mortgages, we are taking part in this discussion, but the parameters of preferential mortgages themselves, they are this a matter of the government’s competence, we rather evaluate in such discussions, well, in general , the dynamics, what they might be, what solutions can be accepted because, in general , the volume of preferential mortgages is the allocation of a mortgage segment that is insensitive to our key rate, we need to understand this. please tell me, i would like to return to our salaries once again, now people are not ready to work for low wages for low wages, this is how this affects inflation, and is there even enough money in the economy to satisfy this demand, to pay large salaries, but indeed now we see. continued high growth of nominal wages, it has been happening almost since the beginni

but finally it was implemented by the central bank, the same late information had its impact on the banking system. the transparency of banking education last year led to the disclosure of information about half of the total balance and the continuation of these transparency was the reason for the president to it should be mentioned as the achievement of the 13th government. dissemination of bad accountants or bank debtors is one of the works done in this period. these transparencies are happening in this period and they were not appropriate in the past. this transparency led to the approval of the issue of publishing the information of students of large education once again in the budget law of 2014, with the difference that the central bank should have published this information no later than 3 weeks after the end of each semester . for the second year in a row, parliamentarians approved that all large loans and related parties of banks must be published in the central bank database and at the end of each season to update. transparency whose life was extended by another year with the appr

central banks mostly in emerging markets, are also buying up dodge amounts of gold in 2008, some bob way printed the now infamous $100.00 trillion dollar bank note inflation was at 500000000000 percent back then. this is in bob way dollar and lost nearly 80 percent of its value. in response to central bank has introduced a new currency called some public gold or zinc backs by gold. it's aimed at stabilizing the economy and bringing down prices. but will it what? hi, latasha reports from her. all right. the streets in the say, some customers are no longer accepting these installation. it's that they're waiting for the bobbies new car and see the notes to hit the streets at the end of april. that means people are stuck with cash that will soon become useless. i know this is the last wish day to. this is money to get to know what did a good, but not wish of it towards the woods. the country central bank governor says the music notes will be best buy gold reserves and foreign currencies does equal to places and bobby, and dollar that has lost 3 quarters of its value so far to see a public

and because of that, the central bank was obliged to publish the information of the students of large education on a quarterly basis. refund status on the bank's website center of the islamic republic of iran. a task that, although with delays. for a few days or even a few months , the recipients of loans above 100 billion tomans from the national banks of middle east, industry, mining and capital have not been published yet. only the list of large loans of national bank was not published. but finally it was implemented by the central bank, the same late information had its impact on the banking system. the transparency of banking education last year led to the disclosure of information about half of the total balance of the banking network , which was unprecedented in itself, and the continuation of these transparency became a reason for the president to it should be mentioned as the achievement of the 13th government. the publication of bad accountants or bank debtors from the work done in this period, these transparency is happening in this period , it is not appropriate before. th

in terms of most g ten central banks, _ hike? in terms of most g ten central banks, that _ hike?l banks, that is - hike? in terms of most g ten central banks, that is not - hike? in terms of most g ten central banks, that is not on | central banks, that is not on the cards all the people are beginning to think maybe in australia they need to fight —— hike interest rates go because that inflation is ticky fullerton in terms of the us, but is not on the cartright now but is not on the cartright now but only the market is thinking maybe the federal reserve won't be able to cut interest rates until next year although right now the market is 22 december move. �* ., ., ~' now the market is 22 december move. �* ., . ~ ,, now the market is 22 december move. ~ . ., ~ _, , move. again, thank you very much. let's go to france now, where president macron has warned that europe must react fast if it is to survive in a changing world. in a speech at the sorbonne university he urged european leaders to make the bloc more self sufficient in terms of energy, defence and the economy, warning that

he ordered the central bank to prepare and announce the regulations for bank employees' facilities. as a result, the regulation of education paid to bank employees was published. another proof of this transparency is in determining the amount of direct or indirect shareholding of banks in companies. according to the budget law of 1402 , the central bank was obliged to provide information related to the ownership of more than 20% of companies' shares from to the banks publish transparency, which, although delayed, started its work initially with the release of the information of 8 banks. the information, of course, is still incomplete. but this was not the end of the story. rather, another clause that was added for the first time to the budget law of 1402 is related to the publication of information on unreasonable assets of banks. improper properties are properties that cannot be transferred to a location. the central bank put information on these properties on its website for the first time in august of last year. the information about the unreasonable properties of the banks was p

so this, uh, a activity is that the central bank is been doing in the past, but that's not true. it is no central our big king effective it is. so we are hoping that if they're able to go up the top in terms of cutting it big on that and also even on the it, does it say or by the facility to the government. i think that to deal to contribute to stability. okay. in terms of what going on a vis a simple boy, 6 attempts to have a functional local currency. why does it keep collapsing? what is at the house of the problem? the problem is been the crony kind pollution. so as in bob good is being affected by a 20 kind pollution and for the grid up parts of the last it to a decade. us in the coney kind position is been as it is out of it, my level of discipline in terms of our all we manage all month. the system is, or there has been unsustainable growth in the money supp line, which is closed excess demand in the economy day by pushing up the price as a basic goods and services. if situation is what makes a lot that recall so much money choosing tool fuel goods. so i think that's been th

so this, uh, a activity is that the central bank is been doing in the past, but that's not true. it is no central our big king effective it is. so we are hoping that if they're able to go up the top in terms of cutting it big on that and also even on the it, does it say oh, by the facility to the government? i think that to dale, to contribute to stability. okay. in terms of what going on a vis a simple boy, 6 attempts to have a functional local currency. why does it keep collapsing? what is it the house of the problem? the problem is been the crony kind pollution. so as in bob good is being affected by a 20 kind pollution and for the grid up parts of the last it to a decade. us in the coney kind position is been as it is out of it, my level of discipline in terms of our all we manage all month. the system is, or there has been unsustainable growth in the money supp line, which is closed, excess demand in the economy day by pushing up the price as a basic goods and services. this situation is what makes a lot that recall so much money choosing tool fuel goods. so i think that's be

this information was published quarterly in central bank tanmay since 1401. the transparency that continued in 1402 and will continue this year. the next item is the education information paid by banks to their own companies. in last year's budget law, the members of the islamic council obliged the central bank to publish the information on the loans given by the banks to their own companies. the assignment that early it was done in august and it turned out that banks lent more than 2015 thousand billion tomans to their own companies. this clarification process continued. now it's time for the facilities that people talked about a lot. this amount that their employees are lending is not fair , it is not really fair. dissemination of bank loan information to their employees for the first time in a situation where ordinary people had to go through haft khan rostam to get a loan . i went several times. the loan payment has not yet arrived at the beginning of the year. at the end of the year, they say , because at the end of the year, nadim said, you will not be a

this is the statistics that the balance of payments that the central bank is publishing. well, you know that the trade deficit is 17 billion dollars. according to the statistics, we have customs. of these 17 dear mr. azizadeh, we have 10 billion dollars of billions of dollars and there is no return. that means we have 27 billions of lost trade balance, the horizontal balance of customs, it looks like it has a deficit. where does this 27 billions actually come from ? it is not possible that a major part of our expenses is smuggled. when we impose import bans, when we impose tariff barriers, our expenses go towards smuggling and a part goes towards capital outflow when we say that we have a trade balance surplus. we have a balance of payments surplus, but the definite result is a decrease in the exchange rate when our exchange rate does not decrease now , it means that no, we do not have a balance of payments surplus. thank you, mr. yezizadeh. yes, mr. daravi, see what they are discussing. firstly, regarding the balance of our trade balance . . if the exchange rate is to be

central banks mostly in emerging markets, are also buying up dodge amounts of gold in 2008. and bob weigh printed the now infamous $100.00 trillion dollar bank note inflation was at 500000000000 percent back then. this is and bob way dollar and loss, nearly 80 percent of its value in response to central bank has introduced a new currency called some public gold or zinc box by gold. it's aimed at stabilizing the economy and bringing down prices. but what it, what hi, latasha reports from her. all right? these do tend to say some customers are no longer accepting these installation. it's that they're waiting for the bobbies new car and see the notes to hit the streets at the end of april. that means people are stuck with cash that will soon become useless. i know this is the last wish day. this is not a good, you know what did a good, but not wish. eventually, those are in huntington woods. the country central bank governor says the music notes will be best buy gold results and foreign currencies does equal to places and bobby, and dollar that his last 3 quarters of its value s

but finally from the central bank. the same late information had its effect on the banking system. the transparency of banking education last year led to the disclosure of information about half of the total balance of the banking network, which is unprecedented in itself. and the continuation of these transparency became a reason for the president to mention it as the achievement of the 13th government. dissemination of unscrupulous people or bank super-debtors. it is one of the things that have been done in this period , this transparency is happening in this period and it is unprecedented. this transparency caused the issue of publishing the information of students of higher education to be approved once again in the budget law of 1402, with the difference that the central bank this information should be published no later than 3 weeks after the end of each season. for the second year in a row, parliaments approved all large loans and private individuals. banks should be published in the central bank database and updated at the end of each season. transparency whose life was ext

we spoke to pull the ecuadorian central bank or an adult, andrea, or as who said, uh, community digital uh, national bank guarantees would be important. give people ideas of stakes in their societies, rather than private bank. yeah, so was, if you look at power, the global system lives, rides, it lives in the us and europe in new jersey assist you in the china, right. so, so the actual narrative, the step that i get and a mini global south countries, when you have leaders who all have both to sort of sort of the cool a doesn't where they will often actually parent that same ideology. even though in global soft countries, often people actually know, for example of themselves, africa and south africa of electrical infrastructure is down for 4 hours a day, sometimes 6 hours a day. but the idea that you're gonna do desires everything is a fantasy, right? actually in this country like semester, you're interested in resilience, right? so things are cast, but actually really useful. but still the ideology that comes from silicon valley will come the 8th through the, the, the consonant tribes.

the matter is related to the budget law of 1401, note 16 of this law had obliged the central bank. until immediately after the end of each chapter of education information publish the big banks on their website. an event that, although with a little bit of inadequacy and a bit of irregularity, it finally achieved its result. the transparency of banking communications last year led to the disclosure of information about half of the total balance of banking network communications, which was an unprecedented treatment. the topic of transparency of the year's education. continued, but with a prosecution, the central bank was given a 3-week deadline to update the information on the education of the major banks after the end of each season. this information does not end, but investigating the economic corruption cases of the people named in the food system and bringing them to the table. the trial is another result of the disclosure of the names of the students of the big education , he was sentenced to 20 years in prison and was sentenced to pay a fine of 725,164 rials. and the mother of

another problem that concerns deputies is telephone fraud; according to the central bank, last year citizensre than 15.5 billion rubles. nabiulina admitted that we have not yet been able to defeat the scammers; we are hitting their tails. we propose to increase the responsibility of banks to introduce administrative responsibility for banks, who do not pay enough attention to the security requirements of translations. of course, i agree with you, the bank’s responsibility needs to be increased so that money does not go to scammers. elderly people often fall for this scam. to legislate the so-called second-hand mechanism, when a person can... so these are questions for us, we need to talk, explain, and of course punish more harshly for this. macroeconomics, as nabiulina said, after the key rate increase, gross domestic the product continued to grow 3.6% last year. businesses are actively making plans to develop production and the work of the country's main bank is assessed positively by the majority of deputies. key result. this is that during the past year it was possible to minimize the imp

we owe almost 65% of our monetary base to the central bank. what does this mean that the bank has a general imbalance and has an unhealthy performance, and according to mr. yazidzadeh , they have the same banks in the market. they are playing pretend , they are looking for unproductive work, the funds that should go to production go to unproductive production measures, then who will compensate for the cost and losses? what should the central bank do about foreign exchange policies? can we take 650,000? let's print billions of tomans for the disharmony of the banking system, then nothing happened to the supply, i don't need the economy at all, people, read it , it's very simple, we pay 650 for the disharmony of the banking system , then wait, nothing happened to the supply, we will take the automobile industry, i don't know, many of there are a lot of government companies, but they still rely on bank loans and they will never get back. do we expect that nothing will happen in the economy until these issues are resolved in the economy? the exchan

in europe the hold could be the final one before it starts using and aside from central banks we will the latest inflation reading. marge print could reveal modest slowdown. wall street banks are reporting earnings. bloomberg expecting modest results from jp morgan and citigroup. let's bring back chief aipac economist alicia. i believe alicia has taken a leave briefly. it is interesting looking back on those decisions, there's a whole heap of them. new zealand is in a recession, not doing anything. india with declining inflation not doing anything. you get the sense that they're waiting for the central bank. haidi: rbnz was at the forefront of the cycle, so there is extra attention being paid. idiosyncrasies with the australian economy extends to new zealand. different picture when you look at the other economies, japan and china. not expecting massive policy shift as we get improvement in indicators, credit numbers and producer price inflation this week. on japan the expectation is they will take longer to get to the point where there is momentum. paul: currency is a big part of the

the vice president of new technologies of the central bank said: currently, electronic checks can only be collected in-person in the intra-bank mode, but the technical infrastructure to do this in an inter-bank manner is also provided and people will be able to do so soon. collect your electronic checks without going to the bank . do you review electronics? what this bank employee does not know is an electronic check. the checks that were unveiled in november 1401. and now in 12 bank saderat, mellat melli resalat, refah parsian, trade, agriculture, cooperative development, development export. pasergad and tourism have been operationalized. and the five banks of aindeh, mehr, sepeh maskan and middle east will soon give this check to customers. according to the announcement of the central bank, about 20,000 electronic checks have been collected in the last one year and four months. as the deputy of the central bank says, the possibility of non-personal collection is possible only for internal bank checks. now, all the banks that issue electronic check books give them to their customers,

from the central banks.linda: peiqian, thank you so much for that. stephen chiu and peiqian liu. bringing us up to speed on the latest from the boj. plenty more ahead. keep it here with us. this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. haslinda: let's do a recap on the boj headlines. the boj as expected kept steady. it did tweak the bond buying language. the yen sliding to a fresh 34 year low. let's check in on japanese markets again. avril hong is with us again. avril: you can really see the spike in dollar-yen after that decision, choosing to keep rates on hold, as expected. but i

just a few days ago, the central bank updated the information on the beneficiaries of the big 12 banks and the rest up to 21. which should be in april, but now the names of the debtors are not in the phone anymore, they put the debtors first on the websites for everyone to see. center and select the banking statistics section to see all this information. the non-cooperation of the stock exchange is the main obstacle to the completion of the system. the vice president of new technologies of the central bank said that the necessary infrastructure for the establishment of the single benefit system was completed in 2019, but the non-cooperation of some institutions prevented its completion . setting up this system can prevent currency corruption. this industrial group includes almost 20 real and legal companies . had formed and from 1398 to the end of 1401 allocated more than 3 billion and 400 million dollars of land to himself before the network of the company interrelated things that consume width in a space that is not transparent. he wanted to take his rials to the market to get bids f

but finally it was implemented by the central bank, the same late information had its impact on the banking system. the transparency of banking education last year led to the disclosure of information about half of the total balance of the banking network, which treatment was unprecedented and continued. because of these transparency, it became a reason so that the president mentions it as the achievement of the 13th government. dissemination of unscrupulous people or bank debtors is one of the things that are done in this period. these transparencies have been done in this period , it has never been before. this transparency led to the approval of the issue of publishing the information of students of large education once again in the budget law of 1402. with the difference that the central bank should have published this information no later than 3 weeks after the end of each quarter. the parliament approved for the second year in a row that all large loans and related parties of banks must be in the bank's database centrally published and updated at the end of each chapter , transparency

lead the central bank to adjust.ry to learn lessons from your experience and other central banks. people do not view this as something you do when something has gone wrong. it should be a regular way to ensure what they are doing is best practice. kriti: it makes sense. i'm curious about where this goes wrong, what are the limitations, could fiscal policy be one at a time when a labor victory may not be included in the boe forecast? where do scenarios stop short? >> you have to recognize the limitations of any forecast based on certain assumptions and they may not holds if the situation changes. that is an unavoidable limitation of any forecast. so as external use, forecasts are either a promise or implying the only possible outcomes are shown in the central forecast scenarios. forecasts are useful for policymakers and useful to communicate monetary policy. there are limitations. kriti: talk about how markets get involved. there have been so many criticisms for inventing the dot plot because of the way markets use it

that he the constitution says a little differently, according to the law. they talk about the central bank, then the twenty-second year, when the financial bloc actually became confused, due to the fact that a huge number of sanctions were imposed at that time, including in the financial sphere, decisions were somehow made, but they were inadequate. in addition to the policy of the financial sector on the eve of this period, that is , a financial restriction on currencies was introduced, exchange controls were normal, restrictions on foreign exchange earnings, serious restrictions arose on the withdrawal of capital, and the rate was normal, here our economy went up, because immediately the money supply was thrown into the economy by the government and so on, and suddenly in the twenty-third year everyone apparently stabilized there, closer information contacts with institutions arose different. here, speaking about forecasts, this is what i agree with dmitry gennaevich, that forecasts all the time do not come true , first of all, not the government, but the central bank, we ourselves all t

just a few days ago, the central bank updated the information on the beneficiaries of the big 12 banks, and the rest should be updated by april 21. don't update aman debtors and other debtors, their names are not in the phone. the path of clarifying the banking network will continue this year, and now all people can see all this information by visiting the central bank website and selecting the banking statistics section. the non-cooperation of the stock exchange is the main obstacle to the completion of the system of thirty benefits. the vice president of new technologies of the central bank said that the necessary infrastructure has been completed, but the non-cooperation of some devices has prevented its completion. setting up this system can prevent currency corruption. this industrial group includes almost 20 real companies and he had formed his own law and since 139. 8 by the end of 1401 , he allocated more than 3 billion and 400 million dollars to himself. a network of interconnected companies that consume currency in an environment that is not transparent. he wanted to take his

, but when they talk about the central bank more than, well, i would say complementarily, but this by a person from inside the profession, that is, he understands it undoubtedly much better than i do, but they say words of gratitude and support, this is the head of vtb andrey kostin at the fusion 2024 conference, this is what he said about the results of import substitution in the financial sector, if we talk about the current situation, then indeed... we are in in general, not without such a feeling of satisfaction, we say that thanks to the efforts of the central bank, over the past 10 years we have really created an import substitution system in the country in the financial sector at a time when many of our production workers were happy to use french engines on airplanes there or are there some german boxes? transmissions for cars, and the central bank firmly took the line of creating independent systems, over the past decades a system for transmitting financial messages has been created, a system of fast payments, a world map, uh, an exchange infrastructure was created, and ban

this is a systemic problem, because the central bank and everyone are representatives of a school that a financial view of the economy, where, by and large , it is a bubble economy that does not have the slightest idea about the real economy, and the military economy is the economy of the real sector when the whole system is built completely differently relations between elements, now the central bank is talking about something, where every word says: you don’t have any war, you live in another world, you will stop doing all sorts of things here, disrupting the order, the order invented by foreign financial structures, he wants to say, well take it with your employees, but just for at least 5 minutes, but go to lugansk, go to donetsk, see how the country lives in general, to belgorod, to mariupol, to crimea for a short time, everything will become clear, in a moment, moreover, in a moment, everything illusions will go away. well i would i wanted, maybe i would disagree with you, but i can’t, because unfortunately, the forecasts you mentioned are also typical, look, we mentioned last ti

according to the officials of the central bank, there are 5 operating banks export, housing, mellat, trade and postbank, which should provide 300 million tomans deposits, construction and purchase of housing for the third child to the applicants. construction and purchase of housing for the third child , i made a deposit of 300 million, which according to the budget law of 1403, should be given to homeless families in the form of a loan with an interest rate through 5 banks, the agent of mellat's real estate trade, and postbank. may their third child be born in 99 or later for families without housing, but the performance of the banks in paying for this education was not suitable from the central bank's point of view. it is really not acceptable for the central bank and from the people's point of view, the complaints that indicate that the banks do not respect the 20-year limit for education repayment, and that the registration process is not electronic and the selected branches are not clear for them. it creates a problem, the many banks that are coming for the third child's housing

the central bank expects that the law on credit holidays will help people. f requests have already been received from victims. banks managed to issue more than 200 credit holidays. the regulator recommended considering the application in a simplified manner, realizing that people now have no time to collect information. as part of the fight against unfair schemes for the sale of financial products, the bank of russia advocates increasing fines for banks for dishonest enrichment and deceiving clients up to 1% of capital, said the chairman of the central bank. let's tell you how this day is remembered in history right now. hello. on april 11 , 1814, in the suburbs of paris at the fontainebleau palace , an agreement was signed to deprive napoleon bonaparte of power. the agreement was signed by his authorized representatives, marshals michel ney and alexander macdonald and duke armande calincourt. from russia, austria and prussia, count karl nesselrode, prince clement son of metternich and baron karl von hardenberg. napoleon and his wife marie luisi were generous

today , the central bank left the key rate at the same level of 16%.it, some day? that’s the thing, the central bank’s plans and forecasts have changed, and now it’s possible that the key rate will not be reduced this year, wow, and we, it’s remained at 16% since mid-december last year, but today the central bank gave the market a new signal , and this signal is hard. the central bank says: demand for goods and services in russia continues to grow much faster than production can grow. and the main limitation for production is the shortage of workers. as a result, the central bank indicates that inflation will return to the target of 4% more slowly than expected. if in the february forecast the central bank admitted that the 4% inflation target was possible. will reach this year, then in his new forecast, published today, at the end of the year a price growth level of 4.3, 4.8% is expected, and the achievement of 4% has now been postponed to the twenty- fifth year, hence another tough signal from the central bank : high rates will have to be kept longer

assess these measures and the policy of the central bank of russia.on abstained from voting on the central bank's countdown for 2023, we are absolutely not satisfied with the so-called floating, in fact sinking exchange rate of our national currency, the ruble, we are not satisfied with the highest discount rate - loans are expensive, listen, but if now, for example, our industrial giants, for example , kamaz, their profitability there is less than 5%, a loan... they can get a minimum of 18-19%, this is in the best case, what we are talking about, it turns out that this is the discount rate, no matter what the chairman of the central bank says, it's ruining our economy ours is precisely the processing industry, if our profitability among gas workers and oil workers exceeds 100%, here are real productions, mechanical engineering, shipbuilding, aircraft construction, literally the first percent is profitable there, the discount rate, of course, does not lead to normal economic development, in this regard , the proposal, in essence , to put it simply, is

, the central bank, i decipher, and financial bloc, will take responsibility for the results ofs economic activities, because today, according to the constitution, the central bank deals with the exchange rate of the ruble, according to the law on the central bank , it participates in the formation of economic policy, this is where the question of responsibility and division lies. are working on the economic implementation of the economic program and are ready to share responsibility, well, probably our criticism will fade into the background, because we will see a single team, including with active participation financial block, we will listen on april 10 to the report of the central bank and the forecast for the near future, but in order not to end the topic of central banks, i would like to quickly finish with another, that mikhail vladimirovich himself comments on the activities of the government , you understand what is in the near future, he said very correctly, russia is facing, he correctly said that this is not only a question. about the formation of a macro-region of r

we went to the glass building of the central bank. od part of the banking network is the cashing of checks inshaallah, they will implement it in their own electronic devices. usually, the first bank operates, and other banks move in this direction due to the requests of their customers . according to the latest central bank statistics, about 8 million checks have been traded, and according to the seventh bill , all these checks must be electronic by the end of 2016. rizvan basfa of the radio and television news agency, the meteorological organization has predicted rain in some parts of the country for the next few hours . with the name and remembrance of god, peace be upon him i respect your presence, dear compatriots, for the next few hours in the western parts of our country, as well as the slopes of the zagros and parts of the alberzmar heights. east azarbaijan and west azarbaijan rains are of higher intensity , the meteorological orange level warning has been issued , there is a possibility of river water rising and also local spot

how do you assess these measures of the central bank's policy as a whole?ined from voting on the central bank's countdown for 2023, we are absolutely not satisfied with the so-called floating, in fact sinking exchange rate of our national currency, the ruble, we are not satisfied with the highest discount rate - loans are expensive, listen, but if now, for example, our industrial giants, for example, kamaz, their profitability there is less than 5%, they can get a loan at least at 18-19%, this is at best, what are we talking about? it turns out that this discount rate, no matter what the chairman of the central bank says, is ruining our economy, our processing industry, if our profitability among gas workers and oil workers goes beyond 100%, here is real production, mechanical engineering, shipbuilding, aviation building there literally the first interest is profitable, the discount rate, of course, cannot pay both the interest and the main debt, because they have no means of subsistence, and holding a credit amnesty would be correct, and of course, if we a

targeted ones, and the central bank is now participating in such work.opic that elvira nabiulina touched upon was the development of non-cash payments, as well. the central bank expects that the law on credit holidays will help people; hundreds of requests have already been received from victims, banks have managed to issue more than 200 credit holidays. the regulator recommended considering the application in a simplified manner, understanding that people now have no time to collect certificates. in part combating unfair schemes for the sale of financial products. the bank of russia advocates increasing fines for banks for dishonest enrichment and deceiving clients, up to 1% of capital, said the chairman of the central bank. every success begins with a dream, to do something of your own, a desire to stand out, a desire to act and not be distracted by the hustle and bustle. business works to make your cherished dream come true. start the path to your dream with sber. free account for business and sberbusiness card with 10% cashback, sberbusiness bonuses

they are to produce and support acquisitions and the works given, in addition to this, the central bank plans to use new chain financing tools. in total, we have communicated 350 efforts to the banking network for these tools , tools such as promissory note factoring and general and special deposit certificates, which play an important role in the they have production in the country. last year, we gave 2,400 licenses to the banking network, which is this number. god willing , this year we will increase it to 200, we considered that banks can issue all kinds of sukuk. in the budget law of 1403, about 100 thousand billion tomans have been budgeted for employment, which the bank markazi says that he has announced the quota of the banking sector since the beginning of april. necessary arrangements have been made with the relevant institutions, which this year explained the province and the instructions that other institutions and other institutions have to carry out . the production and supply of housing is another plan for the central bank. we also have a plan for the demand side so that n

to targeted ones. and the central bank is now involved in such work.elvira nabiulina touched upon was the development of non-cash payments, as well as payments in national currencies. the exchange of financial information within the country has switched mainly to our system for transmitting financial messages; internal russian exchange through swift has been completely stopped. spfs has become much more actively used for external calculations. total joined her. the system has more than 160 foreign participants from 20 countries. in addition, we expanded our correspondent network with banks from friendly countries and continued to create conditions for settlements in national currencies. they now make 2/3 of payments for exports and imports. the dollar and euro have ceased to be the main currencies in russian foreign trade. elvira nabiulina did not ignore the topic of floods in the orenburg region. cbr. believes that the law on credit holidays will help people. hundreds of requests have already been received from victims, banks we managed to arrange mor

the head of the us central bank has dashed hopes that interest rates will calm down any time soon. jerome powell said that data showed inflation isn't quite where he would like it to be in order to start easing monetary policy. here is michelle fleury from new york with more. higherfor longer. that is the message from america's top banker, jerome powell on us interest rates. the chair of the federal reserve said policymakers hadn't seen enough progress on inflation since its rapid decline last year. and with inflation likely to take longer to return to the fed's desired target of 2%, a cut in rates, he said, didn't seem justified. we've said at the fomc that we'll need greater confidence that inflation is moving sustainably toward 2% before it would be appropriate to ease policy. you know, we took that cautious approach and, sought that greater confidence so as not to overreact to the string of low inflation readings that we had in the second half of last year. the recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than exp

these are the statistics that the balance of payments that the central bank is publishing. well, you know , according to the customs statistics, we have a trade deficit of 17 billion dollars. out of this 17 billion dollars, 10 billion have no return, mr. azizzadeh, that means we have 27 billion. trade balance. this comes from oil exports that are not registered in the customs. a major part of our expenses is smuggling. when we impose import bans , when we impose tariff barriers, it is obvious that and yes, part of our expenses goes to smuggling . oil is a source of supply, it doesn't matter who owns it the exchange rate is supposed to be determined in a market where the supply of currency and the demand for imports are the origin of this supply, whatever it wants to be, the government is the government itself, it is also the most important importer, from its oil revenue , it imports 10 billion dollars, 12 billion of basic goods , 15 billion of which is imported. you can't say , sir, i consider imports, but i don't consider exports, so we are free to trade. they don't necess

however, with the approval of the central bank and the ablaqieh that was done today , god willing , it will soon be increased by the banking network to 200 million tomans. it is possible to withdraw the total sums of money through the non-present payment portal , but the question i have is whether this possibility is also available through self-service machines or is it possible to do so in the future? yes, let me know your presence in relation to atms, there is a cash withdrawal limit as well as a card-to-card transfer limit . anyway, according to the previous conditions, there is actually a card-to-card transfer from each card up to 10 million tomans per day and cash withdrawals up to the amount 200,000 tomans from each card is possible, but anyway according to the requests that the central bank received repeatedly. and many of our people had based their daily transfers on the use of payment tools with the bank, so this ceiling is up to 200 million tomans daily and up to 1 billion tomans it has increased monthly for people, as well as in relation to purchase transactions with accepta

of 1402, the central bank was obliged to update the information on the shareholding of more than 20% of banks in companies no later than 3 weeks after the end of each quarter, but this complete information was not published in any of the quarters last year. we have several hundred thousand empty houses and mostly these are newly built. now, let me say clearly that some of these houses were in the banking business of banks. we are talking about one of the investment methods of banks. corporate if we want to define the banking industry in one sentence, it can be said that our investments are independent of banks. where the banks at their own discretion or to they are forcing investments and accepting from companies and factories and they are doing business. investments that can contribute to economic growth . we need productive bank investment. but with two. in fact, a very important adverb. first , this investment should not be long-term in such a way as to cause monopoly. the second condition is that this should be in national projects and in the places you have plans for. development

>> on the central banks, it really is inflation.ba, australia also had an upside surprise in q1, so that pushes back the onset of their rate cuts. we originally thought they might go in august. now we think november is likely given that we have more work to do to see inflation come back down to the target, so for many central banks especially developed market that is all about the inflation market outlook. to a large extent it is all about the fed. they feel they want to see the fed in easing modi before they feel comfortable cutting themselves. haidi: a key surprises what we saw out of the bank of indonesia. are there key vulnerabilities in these more frontier aspects of asia and central-bank policies there? >> india is a great example. they have an fx ability mandate. the rupee moved above 16,000 two the dollar, and because of that the goal for fx ability they decided they needed to raise rates. indonesia is probably one of the better examples are one of the more fx focus central banks in the region, but that dynamic waiting longe