CBI expects higher GDP growth

TEHRAN, Feb. 23 (MNA) – The governor of the Central Bank of Iran announced that the GDP growth of Iran has been predicted to be between 5 to 7 percent in the next Iranian year.

The focus put in activating production lines with providing them with WC (working capital) has improved the GDP growth in the last two and a half years making international entities expect a GDP growth of 5 to 7 percent for the Islamic Republic of Iran in the next Iranian calendar year (which starts on March 21, 2016), said Valiollah Seif, the Governor of Central Bank of Iran (CBI) on Tuesday in Tehran.

The official underlined that the administration is currently determined to keep enforcing financial and monetary discipline to lower the inflation rate.

Stabilizing markets, especially in the currency market, and providing those schemes which will pace coming out of the recession and growing the GDP rate are the other objectives of the administration during the last two and a half years which fruited into better results, asserted Seif.

Answering the questions posed by Mehr News Agency correspondent, Seif reassured that the CBI will follow a plan to remove some zeros from nationa currency after reaching a stable single-digit inflation rate.

By Mehr News Agency