• Structural Reforms in Banks  to Help Ensure Fiscal Stability

    The second and final day of the Conference on Monetary and Foreign Exchange Policies came to a close in Tehran on Wednesday after focusing on structural reforms, mostly in the banking system, with the aim of achieving fiscal stability.
    Mohammad Nahavandian, deputy for economic affairs to President Hassan Rouhani, delivered the first keynote speech. He stressed that even as the country is dealing with a variety of issues that require quick responses, it must not lose sight of the big picture.
    “Our main challenge is structural reforms and achieving fiscal stability,” he said, especially since stringent sanctions are to be reimposed against Iran as US President Donald Trump on May 8 violated the Joint Comprehensive Plan of Action, the formal name of Iran’s nuclear deal with world powers, to destabilize the country.

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