Defense of the Real; The Governor of the Central Bank explained the source of the creation of liquidity, but the question of performance still remains.
Mr. Hamti! You know the source of money creation; Which banks did you repair?
Commenting on the relationship between the monetary base and liquidity, Abdul Nasser Hammati explained that liquidity is not the result of a mechanical multiplication of the monetary base with a constant increasing factor, and the increase in the banks' need for reserves can itself lead to the growth of the monetary base.
This explanation is a proper economic argument; But knowing the mechanism of money creation does not take the place of correcting it.
The central bank governor rightly emphasized the role of bank lending, deposit creation and cumulative imbalances in the growth of liquidity. Now it must be clarified how many of these dissatisfactions have been fixed and which plans are only in the announcement stage.
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