Economy, Business And Markets

Confab to Focus on Financial Stability

Confab to Focus on Financial Stability  Confab to Focus on Financial Stability

The 27th annual Conference on Monetary and Foreign Exchange Policies will be held in Tehran on July 1-2 with a focus on financial stability, the head of Monetary and Banking Research Institute—the main organizer of the event—said.

"Discussing the Central Bank of Iran's role in maintaining financial stability, the institutional and operational structure of capital and bond markets, credit crunch and the role of financial stability in curbing inflation with the goal of attaining sustained economic growth will be the objectives of this conference," Ali Divandari also told a press conference, MBRI's official news website reported.

The official, who is also the president of the confab, said the event will also focus on the effects of imbalance in budget and quasi-fiscal activities on financial stability in which the effects of these categories will be measured against the balance sheets of the banks and CBI.

Factors exerting an influence over the convergence and divergence of rates in financial markets, ways of creating convergence between rates in financial markets, price wars and their effects on banks' risks will also be reviewed.

"The suitable workings of managing currency fluctuations to maintain financial stability and economic growth and the health of the banking system are among other major talking points," Divandari added.

The role of the banking system's international ties in managing the foreign exchange market and the longstanding issue of unifying the dual foreign exchange rates are also to be discussed in the confab.

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