I would like to thank all the viewers who follow us on the news network, thank you and thank you for being with the economic desk. You must have heard from the news that you have heard these days that the seventh plan of the seventh fiveyear plan is being reviewed in the islamic council, especially the program of the economic desk. It is dedicated, we will try to review it on different days in the seventh program. Today we want to talk about the banks. The latest news that came today is that in the part of reforming the Banking System, it is recorded that all the properties and independent properties of the banks will be in one single system and efforts should be made to ensure that in the 5year plan of the banks from bungahdari something that we know a lot about these days, we hear that they should stay away, but lets check and see how our situation is in the field of banking and controlling inflation and banking and so on. If we look at the first picture together, we will see that the most important task of the central bank that it is now and if we see each other in the pictures, he says that he wants to control inflation or liquidity. Lets see my situation, for example, one of the important authors published a statistic of the central bank from 1330 to 1401, how many governments are identified in it , for example, you can see the 56 governments that, for example, the record of 499 for the 7th and 8th governments, well, there is a downward trend in the 9th government. You can see that it fluctuates a bit. With 40 deliveries, the government becomes the twelfth and 11th, that is , the previous government also receives 400, approximately 59 and the 3rd government almost delivers, but in this lets make this a bit more open, we will understand what happened, for example, around the year 99 in picture 92 , in the next picture we can see what happened until 1401 1402 that this is such a change, if we see the next picture together , we can understand that it shows that our economy is not predictable to invest in he will face danger, we wont give the next picture to us or to your presence , other things will happen. You can plan. Until april 2019, inflation there is almost single digit, except for a limited number of years when we had single digit inflation. Now, what was the method , was it real or artificial . We have another program until april 19, 2019. Then it will go again until april 19, 2019. You can see how sinusoidal it is. The twelfth government, which goes to 5, will be handed over to the next government the next government will try its best. You will see that it will come down again in april 1401. The subsidy will be liberalized. Inflation will go up to above 500. Now you can see that they are trying to come down. The goal that the central bank has announced is that we will be together until the end. We are talking now that it will be almost 39 in 30 and we will have inflation. Lets see the next picture together. Well, this has become one of the important tasks of the central bank, to correct inflation , but in the seventh plan, how will the Central Bank Control inflation, for example now . A minister says that sir, if these things happen in the Commodity Exchange prices are going up, inflation is going up, lets take these products out of the Commodity Exchange, or someone says, for example, we should change the nature of money in general , thats how we control inflation. Lets examine today in the economy table program, what is basically the duty of the central bank, the duty of the governing body, how does it want to control this inflation, with what assumption and latitude, to bring a theory to your presence so that when the government is over, we will know which theory we were in favor of, which theory was successful. Or it didnt work another thing that is being talked about a lot these days is the banking of banks, in what sense, in this sense, it should not be in this sense that we should think that banks do not finance Large Industrial projects and distance ourselves from this, this is what we are talking about. That the bank should not, for example, own a large bazaar , the Famous Properties that we are witnessing today, or, for example, it should not go and build a property, keep the property, this is our problem. Own companies to build one of tehrans famous markets in the west of tehran, you can see the number. We all went to the bank to get a loan for 100 million and we saw how difficult it is, but we have 68 thousand billion tomans loaned to one of the banks subsidiaries for business. This must be corrected. This is what we are talking about. Of course, this is definitely a number more than the last 100. Well, if we agree , we want to talk about this today in the 7th program. Lets go to the economy table and see a report together. The Supreme Leader emphasized that what he said is wrong they do business. The transparency of the Banking System and the obligation of banks to register their properties in order to prevent fraud is one of the most important axes of the 7th fiveyear plan. The central bank does not know what assets the banks have. In this regard, the mps obliged the central bank to set up a system to clarify the properties and independence of banks , the system of properties and independence of the Banking Network should be formed, the shareholding system of the Banking Network and all the independence and shares of the banks that are directly owned. They have ownership or even through companies that may be banks if the Credit Institution owns a part of its shares , all these must be included in these systems. The mps asked the banks to hand over their property, which is used by others, within a certain period of time determined by the central bank. Was approved. The second resolution of the parliament was about banks and financial institutions. If the central bank finds a bank or Credit Institution to be noncompliant outside of the process mentioned in this part, it can place it in the current process. An issue that the governor general of the central bank has emphasized many times. From 2 years of age, 3 years of age. Ok now it cant be aligned anymore, it cant be aligned anymore, you have to go to the resolution. Reforming the Banking System and curbing inflation. Entrusting the central bank with the responsibility of curbing inflation was the third most important resolution of the nations lawyers. There are several factors in the field of inflation, one is the growth of liquidity, which is part of the growth of liquidity, definitely in the discipline of the banks, this growth was about 422 at the beginning of the 13th government , now it has reached about 27, inflation, which was already one of the most important issues of the government and the bank central has taken many measures to curb it. 1401, which fortunately, very Good Measures were taken in the central bank, this rate was reduced to 311 we made a plan, god willing, to be able to control 25 of the liquidity, the obligation of the state banks to increase their capital from the revaluation of the assets and also the obligation of the central bank to announce the Inflation Control Program by october of each year was among the other approvals of the parliament. Rizvan basfa news reporter. Well, we saw my colleagues report together. Here in the studio, mr. Taghiani, the spokesperson of the Economic Commission , is also present. Mr. Shaghaghi, an expert on economic issues, is at your service. Yes, you have seen my picture. In addition to greeting all the guests of the program, i would like to ask mr. Shaghaei this question with this discussion that was raised in the report , that it is about banking. What exactly is the code . The fact is that this is me, we are a manager, we have a side in business where they say that it is impossible for these three to be together, in my opinion, if i take the same , we have the same tripartite for the Banking System. Creation of money, see that the government has given us the authority to create money the other side is the negative real Interest Rate that we have in the economy, which means that our real Interest Rate has always been negative for most of the years. On the other hand, the banks are licensed or given the authority to operate businesses. Due to this scenario, mr. Taghianis money will not go to the private sector. To give an example, lets say that i am hungry and i can cook a fixed amount of food. My children are also hungry. My neighbors children are also hungry. My children are the priority because the amount of cooking and the amount of food is limited. Therefore, we are faced with an impossible situation. That is, in an economy where there is money creation banks were also allowed to do Business Management and the real Interest Rate is also negative , this money creation goes to their own subsidiary companies, the private sector does not get a share, which is what your report also showed. If i think that many times the leader of the revolution himself mentioned the same issue that banks should not enter into gardening , i am now seeing that most of our banks have businesses from growing flowers and plants to petrochemicals and universities, they are managing petrochemicals. They think that we have become a government within the government it means that every bank exists everywhere, this makes its productivity negative , it does not have the expertise in this area, and it imposes inflation on the nation because it is not its specialty in Business Management, it can freeze the resources and increase the imbalance, the imbalance of the banks is also high. The overdraft from the central bank of the month feels like an inflation, that is, 85 million iranians have to endure inflation , which is our Banking System, and now i think it is the limited opportunity of dr. Taghiani to point this out. My budget was not what the banks told me the central bank should clarify the nonpromised assets of the banks and publish them so that we can have a general picture of what the state of the Banks Banking is like. The event that i think did not happen is supposed to happen in the 7th plan. How can the Parliament Come to help and oblige the government . To oblige the banks to distance themselves from Corporate Governance. Yes, greetings and courtesy to you, dear people of iran. Look at the issue of assets and Share Ownership, or the Corporate Governance that you are referring to is one of the problems of our banks today, and it has been for some time. We have been involved in this for at least years. Unfortunately, we have an infrastructure in you we dont have the economy of our country and it is a requirement to register official documents. Documents can be normal. Therefore , there can be many assets, whether it is a person, a bank, or a company, but it is not officially recognized. We do not have an official certificate for him. Normal documents. Now we have these and some of the assets are unfortunately like this and we have many of the banks assets in financial and Credit Institutions. We do not know at all that in the 7th plan, 2 systems are foreseen and required for the banks , one is the property system of the Banking Networks independence and two systems are the Banking Networks Share Ownership of all their assets. Whether in the form of independent properties or in the form of shares, they must be registered in these systems. The responsibility of the board of directors of that bank is the responsibility of the board of directors of that bank regarding the registration of documents for the actual registration of assets in these systems , and if they have Hidden Information or given false information. According to what was approved in the parliament today, at least 3 years of separation from the government and the Banking Network will be applied to those who have responsibility on the board of directors of that bank if it is discovered that this asset is not included in these systems according to the law. I am the Asset Management company, which according to this law, i am a member of article 8 it will be established, which means that it will be removed from the assets of that bank and will go to another company. Why did it not include it as its own assets . Well, it seems to us that it creates some transparency. Well , here some of these properties and assets need to be serviced. A bank, for example, suppose a bank has a branch. How Many Services should it provide . This branch is regulated in the regulations of the central bank, which means that it is clear how many branches this bank should have for how many people or how much economic activity. So it is not like that all its assets are in the form of branches. Bring out things that seem to be needed or things that are it seems that the central bank is the one responsible for identifying the need. Every asset that is necessary for banking in these systems has been recognized by the central bank. There is no problem. Anything is free. Please note that the bank is obliged to hand over these and sell them according to clause b and p of the article. There is time, which means you have to do it sometime. Who decides, for example, to do this in one day, one week, one year, nine, the law has considered the time for it, clause b and p of article 17 of the law on the removal of substances that impede competitive production. Real estates and independent properties are subject to double taxation. It is mentioned in that law that there is a base rate of 28 in 2015, which is added every year by 30 to reach 55, which means that every profit that banks get from this place, even if they get 55, will be taxed. Well, we couldnt identify it until now, you didnt know what these systems have and the inclusion of assets helps to implement this law. This is the introduction. If it is subject to this law , it will be taxed, it is foreseen here. Well, now the bank may say, sir, i tried, but there was no buyer. I wanted to sell this property. There was no buyer. The law provides that these shares and these properties will be independently transferred to the Asset Management company of the Banking Network with a mechanism provided by the law. If there is no buyer, it is the central bank. If there is no buyer, the company will buy all these assets. The formula is seen here in the law of the 7th plan, and now that Asset Management company, the central bank, is obliged to sell all these assets, where does it get its money from . The money that buys these assets buys it from the sources of the central bank, but the point is that the bank here had frozen part of its assets with the view of nonutility, here comes a company that is constantly in the process, this company has no incentive to maintain nonutility of these assets, for example, an example that we have here we also made a plan, worth several tens of thousands of billions of tomans, just one property of a bank. How, for example, how much resources does this company have to come and buy it . Look at the formula in such a way that no bank is willing to sell it to this Company Unless it incurs severe losses, for example. If the stock is on the market, at the price tabello buys the company from him if he has nonshares at the book price minus 15 , and if he has real estate and properties at the book price minus 15 , that means a bank is not willing to hand over its assets to the company at these rates, that is, the value it says will reach it. At the stage when that company buys a number of losses, the bank has suffered a lot of losses, and therefore a bank is willing to sell it at these prices. For example , the bank should not be like this. They are working, no, it is very cheap, that company buys it, so see here, that bank must feel that i have to give up my property quickly, i should not let it get to this stage, you were not really bought, now, for example, well, you were not really bought, they are buying, now they are buying at this price, for example , this big market that i am giving as an example, the number maybe so big. I could not buy several companies. So expensive . You see, he was not at fault for this mistake, for example , we assume that he was not at fault. Reality in this sense is not like that many times or maybe i should say 99 times. It means that the properties that are in the hands of the banks are valuable properties. I buy at a reasonable price it is at a market price. Very well, lets go to the central bank and mr. Masoumi, Deputy Director of the department of studies and banking regulations of the central bank. Mr. Masoumi , something happened in the banks budget. Markazi should come and publish all the unreasonable properties, how much did that happen, and if not, why . In the name of allah , the most merciful, the most merciful, i offer my greetings and respect to you , the guests of the program and dear viewers. Surplus property of the banker and the central bank is being identified because , as you said, these properties are distributed in the Banking Network. How many have you identified so far . Mostly identified. I say because i dont have exact statistics, but yes i can say that at least 60 of these assets have been identified , definitely if not more, not less. Banks have always been exposed, but what is important is that, as friends have said, it is also foreseen in the law of the 7th plan that these properties should be registered and specified in a system, and that banks should be requir