Proposed Banking Law Will Harm, Not Help the Economy

Head of the Tehran Chamber of Chamber of Commerce, Industries, Mines and Agriculture said the banking bill now being debated in the Majlis is a matter of concern for private companies. 
Mosoud Khansari conveyed the list of concerns voiced by the already struggling private sector in a letter to Majlis Speaker to Mohammad-Baqer Qalibaf. He complained that the lawmakers have been indifferent toward private sector proposals for amending key provisions of the controversial bill. 
“This bill has raised concerns business owners. It (the bill if it becomes law) will deprive the country of the capacity to stabilize the macro economy, tame inflation and promote healthy banking,” the rare letter said in part.