NEW SERVICE OF BSI

 General Manager of Bank Saderat Iran said: Guaranteed E-Bill of Exchange is a suitable solution to encounter with present sanctions or future threats.
According to the report of BSI's public relation in forum of Guaranteed E-Bill of Exchange which is established on thursday in the meeting hall of Milad Tower and with attendance of Central Bank 's manager , bank & insurance deputy of Economic and Finance Ministry and majority of economic operatives, Dr. Seyed Mohammad Jahroumi said:  Guaranteed E-Bill of Exchange can meet  importing, exporting and trading needs of the country.
He said: In the past, market was an allocation for creating confidence and relation between economic operatives for which were not required the commercial documents.
Dr jahroumi said: Non – existing of the Guaranteed E-Bill of Exchange cause to enact the current regulations for presenting of it and removing the economic problems arising from lack of it.
Chamber of Board of Directors said: On new approval basis of monetary and credit council,"factoring" has been possible as a new option in economic market.
He continued : In case of  the commercial document to be a bill or promissory note and bank has authority of it the person is considered as a guarantor  and if it has not be paid at maturity , bank will debit his /her account.
With reference to the current cash of country he said: At the present cash amount is 235 thousand billion tomans which 120 thousand billion tomans in proportion of that as annual facilities will pay to the economic activities.
While saying that financing of circulating capital is the most important problem in economic units, Dr.Jahroumi said: utilizing from certain economic units is encountered with one or two -years delay by Non–financing of circulating capital.
He emphasized: Achieving the aims of 20-years vision require $ 3 thousand billion of investment.
According to the statement of BSI's general manager : we can facilitate the financial and commercial relations with Guaranteed E-Bill of Exchange instead of allocating facilities.
He said: the main feature of Guaranteed E-Bill of Exchange is facilitation of assigning to the others, facilitation of receiving its fund, removing time and place, appropriate replacing for money, valid electronic instrument in transactions, admissible in all economic institution and the other advantages.                                      Mr. Jahroumi said that the most important advantage of using Guaranteed E-Bill of Exchange is to decrease inflation rate in the society and he added: this card decrease cost price, increase selling goods and finally decrease inflation.
He also said that increasing the speed of economy without upgrading monetary base is one of the other advantages of Guaranteed E-Bill of Exchange.
While saying that in Guaranteed E-Bill of Exchange we have supranational view, Dr. Jahroumi said: our attempt is to not only facilitate the commercial relations with other economic operatives of the country but also provide other banks’ customers with its benefits.
Regarding different amount of Guaranteed E-Bill of Exchange he said: “Guaranteed E-Bill of Exchange is available in 10,20,30,50,100,200,300,500 and one thousand million Rials.” As he said the validity period of Guaranteed E-Bill of Exchange would be for 6, 9 and 12 months.
Dr. Jahroumi, member of Monetary and Credit Council, at the end stated the different usages of Guaranteed E-Bill of Exchange against purchasing goods and services in this way: Guaranteed E-Bill of Exchange is transferable to other person and it is a suitable solution to encounter with sanctions. 
Governor of Central Bank of IRI announced that: we follow an expansionary policy to support product.
According to the report of BSI's public relation , In the forum of Guaranteed E-Bill of Exchange of BSI Mohammad Bahmani said: There is no way except to encourage or attract foreign investment .15 billion dollars have been requested from FX reserve  account to increase bank 's capital but it hasn't been yet approved by Parliament.
 While mentioning that the equities of private bank have been increased from two thousand billion to four thousand billion Rials  and for credit institution from 1500 billion to 3000 billion . Bahmani said : central bank of Iran would guarantee timely repayment of the principal and its interest  In case of attracting foreigner investor.
He said: 90% of resources  is allocated to the productive sector and added,  Last year our deposits have been increased from 120 to 141 thousand billion tomans in Qarz-al- hasanah and our facilities was amounted from 93 to 108 thousand billion tomans  .
Governor of central bank with explaining that deficit US Dollar value in foreign countries is a suitable chance for attracting placement in country said : with respect to the 16 countries Euro region, investors may use of this chance and convert the threat to the chance .
 Bahmani continued : today competition is at providing better services to clients , and not more interest to deposits , he said: in order to succeed , we must response to Clients in the form of on-line.
 He said : In the box of political – supervisory of the year 2010 we encouraged factoring discussion and Guaranteed E-Bill of exchange can be used as one of financing instruments.
He continued : Guaranteed E-Bill of exchange is suitable act for money   injection and facilitate for bank transactions .
Bahmani said : outstanding claims are to be decreased and are amounting to 217,000 billion.
The Islamic economy assumes real basis in transactions. Deputy of Economics and Finance ministry emphasizing on that financial and monetary instruments must be in accordance to Islamic republic system, said: the Islamic economy always assumes real basis in transactions.
 Bank Saderat Iran’s public relations reports : Mr Asghar Abolhassani deputy of banking affairs, insurance and public entities of Ministry of Economy and Finance in forum of introducing new services of Guaranteed E-Bill of Exchange and set off market of Bank Saderat Iran said : If a bill is performed , it must be necessarily against it providing goods and services .
 He said : It is forbidden speculation at Islamic system and continued: unreal increasing of prices has originated from speculation and bank Saderat’s services are fully according with the Islamic bases.
 Mr Abolhassani said : Sanction is a chance for country and we must battle against sanction with providing new services .
 He added : we must use with new point of view from previous instruments and in order to maintain the top economic rang at region we have to make more effort .
He said : we must provide better services and enjoy from foreign capitals at different shapes with respect to the Islamic economy and it’s capability .
He said : According to the 20-years vision of the year 2025 which is expected we reach to the top of economy , technology and scientific range we must reach to those goals with the cooperation of all of organizations and institutions .