19 Apr 2024
Tuesday 29 August 2017 - 10:49
Story Code : 274065

Irans economy reassuringly stable: CBI Gov.

MNA CBI governor, says that Irans economy is enjoying a stable status currently which makes it reassuring for investors, traders, and businesspeople.


Fortunately, our economy, after a period of drastic fluctuations, has found a very reassuring status, taking advantage of the principles of the resistance economy, said Valiollah Seif, the Governor of Central Bank of Iran (CBI), on Monday.

He made the remarks at the bureaucratic council of Irans South Khorasan Province, in the capital city of province, Birjand.

The eleventh administration started at a time of storm-hit situation, highlighted the official defending the accomplishments of the Rouhanis first term administration which left office very recently to his second term administration.

Foreign trade, at the beginning of the 11th cabinet, made up 15% of Irans economy, suffering from extended anti-Iran sanctions, recounted the Iranian official, our banking system lagged behind because of the disconnection between Iranian and foreign banks in the time of sanctions.

He added that a big part of Irans economic growth of last year which hit a rate of 12.5% was owed to the flourished oil export of the post-JCPOA era, the limitations imposed on Irans oil export had created a difficult time for the country.

The senior official asserted that while many countries are experiencing huge turbulences, Iran has kept a stable economy. He boasted that during the last four years the volume of export has exceeded the volume of import in Iran, as a results of many measure taken.

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