ICCIMA Says CBI Policies Are Hurting Production

Head of the Iran Chamber of Commerce Industries Mining and Agriculture (ICCIMA) says banking restrictions are impeding funds for the struggling production sector. 
In letters to the governor of Central Bank of Iran and the ministers of economy and industries, Gholamhossein Shafei said that the CBI’s disproportionate protections imposed on banks must end sooner rather than later, the chamber website reported. 
He was referring to a decision by the Money and Credit Council, the top banking and decision-making body, in December 2020, and a subsequent CBI bylaw, to enforce “precautionary measures to control the expansion of bank balance sheets and minimize banking risks”.