Central Bank of Iran applauds private firms for helping resist US sanctions

Financial Tribune – Hemmati: Had it not been for the dedication and efforts of the private sector, surviving the current difficult conditions would be difficult

G overnor of the Central Bank of Iran commended the role of the private sector in helping the economy to survive the harsh economic penalties imposed by the United States government.

Abdolnasser Hemmati praised private companies for helping bring in foreign currency via non-oil exports and, consequently, maintain stability of the forex market.

Had it not been for the “dedication and efforts of the private sector” surviving the current difficult conditions would be difficult, he told a meeting of the Iran Chamber of Commerce, Industries, Mines and Agriculture’s board on Sunday.

“The enemy’s aim in imposing sanctions was to stop the economy… this could not be realized but by destroying the national currency and undermining foreign trade,” the CBI website quoted him as saying.