16 Apr 2024
Tuesday 8 May 2018 - 18:08
Story Code : 304203

CBI governor: Iran economy to take no hit after Trumps JCPOA decision

MNA Governor of the Central Bank of Iran (CBI) Valiollah Seif said Tue. Trumps decision on the nuclear deal will have no significant effect on the countrys economy.

Seif made the remark in response to a question about the CBIs possible reaction to Washingtons decision on the JCPOA.

In a tweet last night, the US President Trump said he will announce his decision on the 2015 Iran nuclear deal on Tuesday, four days earlier than the expected deadline.

Trumps decision to pull out of the nuclear deal, a multilateral agreement signed between Iran and the 5+1, will cancel the US commitment to extend sanctions waiver on Irans energy and banking system.

At the moment, there is sufficient amount of foreign exchange to allocate to basic commodities, raw materials for factories, and household consumption needs, Seif said. Therefore, the US decision on the JCPOA will have no significant effect on our economy.

About the governments plans for reacting to Washingtons measures against the agreement, he said the government is resolute to continue its own correct path and has various options on the table and will decide on the proper reaction according to what the Americans will do.

The countrys economy will continue following the path of its own structure, heedless of the decisions and measures taken by our enemies, he stressed.

Whatever the US decision may be, we see no need to take a particular decision or measure more than what we have already taken until now, he added.
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