In a televised interview, Seyed Ali Madanizadeh said the stock market must reflect real economic conditions, adding that government intervention will occur only when major volatility threatens macroeconomic stability. “Monetary policy must be implemented to curb inflationary effects. Otherwise, the market should follow its natural course,” he said, expressing optimism that the stock market will improve as economic conditions strengthen and producers gain support.
Government Support for Essential Goods Imports
Madanizadeh detailed the government’s efforts to provide liquidity for the import and production of essential goods, emphasizing that these measures are designed with an anti‑inflationary approach. A special task force, operating under Article 138 of the Constitution, has approved several key decisions, including major capital increases for state banks- 70 trillion tomans for the Industry and Mining Bank and a combined 70 trillion tomans for the Agricultural Bank.
He added that roughly 700 trillion tomans in working capital has been allocated for economic actors identified by the Ministries of Industry and Agriculture.
Containing Inflation Through Monetary Policy
Despite injecting liquidity to support production, the minister said the Central Bank is simultaneously implementing contractionary monetary policies to prevent inflation. “The goal is to sterilize the liquidity created and ensure the plan is executed without generating inflation,” he noted.
He also announced the approval of new financial tools such as foreign‑exchange‑backed “GAM bonds” for importers of essential goods, allowing them to pay a small portion upfront and settle the remainder after selling their products. Additional tools, including factoring and electronic drafts, have also been introduced by the Central Bank.
Broad Economic Reform Agenda
Madanizadeh highlighted productive meetings with business associations in Tehran and other provinces, noting the formation of a joint task force to address tax concerns and licensing issues. He said the ministry has defined 150 time‑bound projects, including six major “megaprojects” aimed at driving significant economic transformation.
Economic Stability
The minister concluded by saying: “We have plans for every dimension of the economy-livelihoods, employment, production, investment, banking reform, budgeting, energy, business environment, privatization, and currency stability. These plans were presented to the President last Tuesday. We are confident that the foreign exchange market will stabilize and inflation will be brought under control.”