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Iranian economy minister pledges to enhance monetary services

Business Materials 8 June 2014 14:13 (UTC +04:00)

Baku, Azerbaijan, June 8

By Fatih Karimov - Trend:

Iranian economy minister Ali Tayyebnia has pledged to enhance monetary services and remove problems in this sector.

Tayyebnia added that the administration has developed special plans aiming to provide capital for economic activities and enhance services of the banking system, Iran's IRIB reported on June 8.

He made the remarks on the sidelines of an international exhibition on exchange, bank, and insurance in Tehran.

In February, Iran's vice-president for strategic planning Mohammad Baqer Nobakht said that the administration plans to increase the country's economic growth rate to three percent in the current Iranian solar year, which started on March 21.

He emphasized the need for increasing investments and improving efficiency in utilizing financial resources.

The economic growth rate was negative in the past two years, he said, adding that the economic growth rate is projected to hit 0.8 percent in the current year.

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