Summary of today's editorial "Economic World":
National resilience in the face of economic pressures.
Dr. Valiola Seif; the former CEO of the Central Bank.
Iran's economy is under the influence of sanctions, financial restrictions and political uncertainties in a difficult situation, and the government faces a heavy responsibility in supplying essential goods, providing for people, maintaining economic activity, managing currencies and curbing inflation. In this difficult situation, the efforts of the managing directors to reduce the pressures are worthy of appreciation, but improving the effectiveness of the policy requires updating and providing practical suggestions. The most important measure of success is the policy's impact on people's lives, especially low-income groups, pensioners and fixed-wage earners. The implementation of the Kalberg plan is necessary to compensate for the inflationary pressure, but due to the limited resources it must focus more on the lower income deciles. Increasing the accuracy in identifying the beneficiaries, improving the welfare information system and providing stable financial resources will prevent the budget deficit and the escalation of inflation. In addition to the direct support, it is important to provide basic goods and medicines with a clear prioritization of the currency and to prevent the allocation of resources to unnecessary expenses. Also, targeted support is needed for economic enterprises to maintain production and employment, provide working capital and energy. In the foreign exchange market, sustainable stability can only be achieved by curbing the budget deficit, increasing liquidity and coordinating monetary, financial and commercial policies, and injecting currency alone is not enough. Coordination between the executive bodies, honest information to strengthen public trust and continuous evaluation of performance are the two main arms for overcoming the current situation. National cohesion and efficient use of limited resources are the basis for overcoming external pressures and improving the country's economic conditions.