There is no currency shortage in Iran - minister

Business Materials 9 November 2018 11:39 (UTC +04:00)

Tehran, Iran, Nov.9


Despite the unilateral US re-imposed sanctions against Iran, the minister of Industry, Mine and Trade believes Iran's ties with foreign and neighboring countries face no obstacles.

"There are no problems in Iran with regards to the country's relations with foreign countries, that cannot be solved, Reza Rahmani told IRNA.

"Iran`s capacities are too high. Iran has considerable number of neighboring countries and good ties with the most of them," he added.

Referring to the 13-percent rise of exports in the first half of the year Rahmani said that the country is set to increase the volume of exports in the future.

"By removing obstacles and use of country's capacities, the rise in exports is possible", he said.

The official also noted the foreign currency reserves are able to support the importers for the current and upcoming year.

"One issue was the supply of foreign exchange for fundamental goods which has resolved through various resources including oil revenues,” he said,

"There is no problem in supplying the raw materials of the production units, and should not be worried. This currency has also been provided to governors through the Ministry of the Interior,” he said.