TCCIM: Price Controls Is a Bade Idea

The production sector has suffered the biggest loss from government-imposed pricing policy and increased liquidity over the years, the chamber of commerce says.
Now is the time for the Raisi administration to take effective restitution measures, head of the Easing of Doing Business and Eliminating Production Barriers Commission at the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM) said.
“Most businesses in production and sales are in the red largely because the government decides prices and dictates to the market. For instance, auto industry losses resulting from price decrees is in the region of 12,000 trillion rials (about $3.36 billion),” Mohammad Reza Najafimanesh said.