MRC Solutions to Economic Ills

Taking stock of the extended volatility in Iran’s financial markets, the Majlis Research Center examined the root causes and offered some potential solutions. 
In the view of the parliamentary research center, the root cause of turbulence lies in the government’s monetary policy.
Increasing interbank interest rates, adopting measures to improve banks’ balance sheet, doubling efforts to unfreeze currency overseas and tightening rules on the repatriation of export earnings are among the MRC’s short-term solutions.
As for the mid-term, it said the Central Bank of Iran should mobilize efforts to stabilize the chaotic forex market and use its limited currency reserves vigilantly. Borrowing from the National Development Fund of Iran (NDFI) to pay for government spending must stop, it stressed.