Iran President highlights efforts to keep market balance in shadow on coronavirus

Tasnim – Iranian President Hassan Rouhani said his administration has been doing its utmost to mitigate the economic repercussions of the coronavirus pandemic, maintain balance in the market, and support the businesses and families affected by the outbreak.

Addressing a Sunday session of the Economic Headquarters, President Rouhani said his administration has devised various economic strategies to deal with the severe conditions caused by the foreign sanctions and the coronavirus outbreak.

The administration has always tried to preserve calm and ensure coordination and synergy among all economic organizations from the state-run and private sector, he added.

He also pointed to the plans to protect the businesses and families affected by the coronavirus outbreak, saying the schemes have been successful and have partly made up for the damages caused by the disease.

All economic officials and activists from the government and the private sector should accelerate efforts to create balance and calm in the market, the president noted, stressing that the fluctuation in prices should not be allowed to create problem for the livelihood of people or disrupt the psychological atmosphere of the society.

In April, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei gave permission for withdrawing €1 billion from the National Development Fund of Iran to battle against the novel coronavirus and handle the consequences of the disease.