TEHRAN – The First Vice-President Eshaq Jahangiri on Saturday, July 1, opened the 27th Annual Conference on Monetary and Foreign Exchange Policies.
According to IBNA, Minister of Economic Affairs and Finance Ali Tayebnia, Governor of the Central Bank of Iran (CBI) Valiollah Seif, members of the CBI Board of Governors, bank governors and heads of the financial and credit institutions and the monetary and banking experts and scholars are present in the meeting, that opened in the International Seminars Center of the Islamic Republic of Iran Broadcasting (IRIB).
The theme of the conference is "Financial Stability: Grounds for sustainable growth and Development" and it will run until July 3.
The 27th Annual Conference on Monetary and Foreign Exchange Policies focuses on the role of the CBI in maintaining financial stability, institutional and operational structure of the capital and debt market and financial stability, management of credit bottleneck and factors and mechanisms as well as the role of financial stability in maintaining inflation in low level in order for sustainable economic growth. The forum is also to consider effect of budget imbalance and quasi-financial operations of government on financial stability are among other pivots of the seminar, where three areas of influence on budget disequilibrium and the quasi-financial operations of government on balance sheet of banks and the CBI, effects of government's budget imbalance on equilibrium in the debt market, mechanism of elimination of adverse consequences of state budget on financial stability.
Furthermore, the factors influencing convergence and divergence of rates in the financial markets, mechanisms of bringing about convergence of rates in financial markets, uncontrolled price competition (war of prices) and its effect on banking risks are among subjects that will be taken into consideration in betterment of prices in the financial markets (the deposit market, inter-banking market and debt market).
Favorable mechanisms of management of forex rate fluctuations for maintaining financial stability and economic growth and banking health are among two other main pivots of discussions in the meeting. The first pivot tries to cover all subjects pertinent to forex fluctuations like impact of forex fluctuations on financial stability, effects of forex fluctuations on financial stability, effects of forex fluctuation balance sheet on economic stability, role of international banking system relations on management of the foreign exchange market, mechanisms of management of foreign exchange fluctuations and efforts for single parity rate system.
As far as banking health is concerned, promotion of the system of monitoring banks, full implementation of the international financial Report System (IFRS) in Iran banking industry, ensuring balance in cash flows and quality of profit in banks, balancing income-cost structure of banks, non-performing loans like frozen assets, government debts to the banking system, banks' debt to the CBI and quality of banking reserves.
END
