Iran’s central bank must be independent – minister
Iran's Economy and Finance Ali Tayyebnia believes that the
Central Bank of Iran should be completely independent from the
government.
"The independence could not be achieved unless the budget plan
provides a balance between the government's revenues and spending,"
the ISNA News Agency quoted Tayyebnia as saying.
He said that in order to take out the oil revenues from the budget
plan, Iran can replace it with tax revenues in the coming years'
budget plan.
"The government should also cut some spending," Tayyebnia said,
adding the first priority should be constructional projects.
He further criticized the previous administration's orders.
"Past experiences show that increasing the liquidity will not snap
the country's economy out of recession," Tayyebnia said.