چهارشنبه ۹ فروردین ۱۳۹۶ تهران ۲۱:۴۳
ECONOMY: Privatization of Banks Would Not Lead to Free Market, Analyst Says
July 23, 2004 - The finance ministry’s deputy for legal affairs said with the approval of the Expediency Council to change a clause in the Islamic Republic constitution that calls for the nationalization of all banking and insurance activities, the government would not need a Majles act to sell shares in state banks to public and allow the private-sector banks and insurance companies to begin operating. But Tehran-based economic analyst Ali Zandi tells Radio Farda’s broadcaster Fereydoun Zarnegar that the new private banks will have to follow the supreme council on economic affairs’ decisions on interest and foreign exchange rates, and investors and stockholders would have no role in running the privatized state banks. “Free market standards will not be allowed to take hold,” he says.