In 2010, Iran's foreign currency reserves reached $89 billion, Iranian Economy and Finance Minister Shamsaddin Husseini said. The figure will be brought to $100,000 billion.
Husseini said in 2007-2008, the West claimed that Iranian banks bankrupted, but after a while their banks faced this, the Iranian Econews.ir website reported.
"To date, Iran has never had overdue debts to any country, but Western countries want to show that investing in Iran is risky," he said.
Based on the country's five-year development program, it is expected to simplify terms so that foreign investors might invest in the country, he added.
"The Central Bank of Iran was asked to simplify terms for the foreign banks so that they cooperated with the local banks," Husseini added.
The U.S. and other Western countries accuse Iran of developing nuclear weapons for military purposes under the guise of a peaceful nuclear energy program. Tehran denies the charges, saying that its nuclear program is aimed solely at meeting the country's electricity needs. The U.N. Security Council adopted 6 resolutions in connection with the suspension of Iran's nuclear program. Four involve the use of economic sanctions on Iran.