The Iran Project

Central Bank chief hails economic growth in Iran

Tasnim- Governor of the Central Bank of Iran (CBI) Valiollah Seif highlighted the administration’s success to push down inflation and stimulate economic growth after years, saying the country’s economic growth rate hit 12.5 percent last year.

Addressing the 57th annual general assembly of the CBI on Sunday, Seif expected that the rate of economic growth would continue to rise in the coming Iranian year, which begins on March 21.

According to the CBI chief, the economic growth rate in the previous Iranian year reached a “remarkable 12.5 percent”.

One of the greatest economic achievements last year was the reduction of inflation to a single-digit rate after 26 years, Seif added, saying the administration has fulfilled one of its main campaign pledges.

The CBI governor further linked the economic achievements to adoption of strict monetary and financial policies in the country, saying all measures are aimed at fulfilling the Resistance Economy grand plan.

In 2014, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei sent a proclamation to heads of Iran’s branches of power and outlined general policies to boost the country’s economy and lower its vulnerabilities under a grand plan, dubbed Resistance Economy.

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