Forex market to stabilize: fin. min.

December 16, 2018

TEHRAN- Iranian Finance Minister Farhad Dejpasand announced that domestic foreign currency exchange market is moving toward balance, real rates and stability, IRIB news reported on Sunday.

Making the remarks in a meeting with the members of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) at the place of the same organization, Dejpasand added that in case forex market experiences stability, economy will also become steady.

“Some €60 million were offered at Iran’s domestic Forex Management Integrated System (locally known as NIMA), which is an acceptable figure showing that the market is moving toward steadiness,” he said, “By the help of Iranian exporters and the Central Bank of Iran (CBI) which is applying some policies to manage demand and increase supply as well as controlling artificial demand, the market will do toward stability.”

“One of the main plans of the Rouhani administration has been having a dialogue with the private sector who has been the leading sector under sanctions era and in cooperation with the government,” Dejpasand said, “the private sector is able to overcome the crises and help the government to do so.”

Making some remarks at the same event, ICCIMA Head Gholam-Hossein Shafeie, for his turn, named modification of banking system, privatization, tax amendments, and managing non-generative sectors as the most significant requirements to be done in Iran’s economy.

He urged the government to take the advices from Leader of the Islamic Revolution Ayatollah Ali Khamenei who recommend the government to pay specific attention to the private sector’s points of view.  

HJ/MA

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