The government should take immediate action to reduce banks' profits

The government should take immediate action to reduce banks' profits
  • 2016-06-08
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Board Member of the Mahalat Stone Carving Association: As long as the law allows people and capitalists to put their capital in the bank and make profits without working, there is certainly no boom in Iran.

According to Iran's International Stone Exhibition, Hassan Ghahramani, a member of the board of directors of the Mahalat City Stone Association, said in an exclusive interview with Iran Stone Agency: Not used.

He added: "At present if exporting to neighboring countries is a case and one or two factories have been able to establish the necessary communications in this area, the issue of export has not yet been seriously embraced."

He said: Due to the severe downturn in the stone industry, about 40 percent of production units are closed. Production costs have gone up very high and the manufacturer prefers to close its factory because it is not selling.

A member of the board of directors of the Mahalat Trade Union said: "The biggest problem for the stone industry and if we can say better all the industries in Iran is bank liquidity blockage and market inactivity."

He noted: "At the present time, many people who have capital have preferred to invest their money in banks and profit from it.

He continued: "As long as the law allows the people and the capitalist to put their capital in the bank and make a profit without working, there is no way to prosper in Iran." If the authorities try and cut the banks' profits, all industries will prosper by themselves.

"In Iran, the problem is not the lack of cash, but the problem of money accumulation in the bank," Jahromani added. However, how can we say that we have a problem with cash, given the deposits people put in banks? The main problem is that these funds do not move. The government must take immediate action to reduce banks' profits.

He pointed out that the biggest problem is the lack of money to export to the country. Despite all the talk of sanctions being lifted and sanctions lifted, we still cannot take the necessary steps to move money, and this is still done through money transfers.