Iranian economist: import of luxury products should be prevented

Baku, Azerbaijan, Mar. 27

By Elnur Baghishov – Trend:

The government of Iran should either not allocate foreign currency for the import of luxury goods or prevent imports thereof, Iranian economist Bahman Ghadami Damabi told ISNA, Trend reports.

Ghadami Damabi believes that, at a time of an economic war, and with nearly 10 million people living below the poverty line, the mass imports of luxury and non-essential products, such as expensive cars, have no economic basis whatsoever and are meaningless.

"The expectations of the citizens and the psychological condition are the main reasons why the Iranian economy is unstable," he said.

According to the Iranian economist, the government should manage these expectations in a certain way and respond to them accordingly. Thus, economic expenses, including inflation and the increase of queues for any types of products should be prevented.

Ghadami Damabi added that, as a next step, the government should set reasonable prices in the currency market. The government has taken appropriate steps in this direction, which should be continued during the current year (started March 21, 2019).

The Iranian expert, who sees the supervision of exporters as another way of solving the current economic situation, said that the government could return foreign currency to economic turnover by watching over the exporters. Thus, the Central Bank will not be faced with a currency deficit.

"The government must benefit from the opportunities of free trade to get out of the current economic situation. When free trade grows, the quality of the products increases and their prices go down," he said.

Ghadami Damabi added that the government must either stop or minimize the incentives allocated to a number of enterprises for helping free trade.

Venture funds to be created in Uzbekistan to finance innovative developments
Venture funds to be created in Uzbekistan to finance innovative developments
Banking sector of Azerbaijan looks more stable than predicted - CBA chairman
Banking sector of Azerbaijan looks more stable than predicted - CBA chairman
Gold, silver prices in Azerbaijan down
Gold, silver prices in Azerbaijan down
Loading Bars
Latest
Franck Muller founder engaged in illegal gold exploration in occupied territories of Azerbaijan – top official
Priests also fighting in ranks of Armenian Armed Forces (PHOTO)
Business confidence forecast to deteriorate in Georgia
Venture funds to be created in Uzbekistan to finance innovative developments
Trade turnover between Ukraine and Georgia decreases
Roads connecting number of Azerbaijan’s Agsu settlements reconstructed (PHOTO)
All climate resources must be mobilized to tackle global warming, UK Ambassador Laurie Bristow
Banking sector of Azerbaijan looks more stable than predicted - CBA chairman
Azerbaijan destroys another "Osa" anti-aircraft missile system of Armenian troops (VIDEO)
UK's coronavirus reproduction number drops slightly to between 1.1 and 1.3
12 dead in Izmir as magnitude 6.6 quake shakes Turkey’s west coast
Azerbaijani, Armenian FMs, OSCE MG Co-Chairs holding Karabakh talks in Geneva
Armenia's attack against Barda is crime against humanity perpetrated in widespread manner - Azerbaijani embassy in Canada
Azerbaijani embassy to Canada condemns speeches in House of Commons as they support war crimes
Armenia-inflicted damage on culture in occupied Azerbaijani territories would soon be irreversible - Modern Diplomacy report
Situation at front - under Azerbaijani Armed Forces’ control - Defense Ministry
Fire brigade extinguishes fire in Azerbaijan’s Goranboy due to Armenian Armed Forces’ artillery strikes
I don't know how efficient meetings are going to be now with regard to Armenian leadership - President Aliyev
President Ilham Aliyev's response call for Armenia: Recognize Nagorno-Karabakh
Azerbaijani PM phones Turkish VP regarding recent earthquake
Turkey already engaged in Karabakh settlement, whether Armenia likes it or not - President Aliyev
President Aliyev says Pashinyan lies about Pakistani, Turkish forces fighting for Azerbaijan
President Aliyev talks online footage of armed clashes, Azerbaijan's military potential
If Armenia got sanctions imposed on it as with Iraq, conflict would've been resolved long ago - president
Armenian side has no moral norms, no honor or dignity - President Ilham Aliyev
News about earthquake in Turkey’s Izmir saddens Azerbaijan – FM
If someone willing to create second Armenian state, let them give away part of their own territory - Azerbaijani president
When three nuclear powers cannot exert pressure on Armenia, this raises questions - President Aliyev
Armenia sending convicts to fight in Karabakh conflict
Azerbaijani Embassy in Turkey opens hot line in connection with earthquake in Izmir
Combining efforts of Turkey and Russia to benefit region - President of Azerbaijan
What's happening now - results of Armenian PM Pashinyan's activity, says Azerbaijani president
President Ilham Aliyev expresses condolences to President Recep Tayyip Erdogan
Missile attacks on Barda by Armenian Armed Forces heavily damage local business entities (PHOTO)
Gold, silver prices in Azerbaijan down
Every human life is priceless, our losses are minimal - Azerbaijani president
If Azerbaijan agrees on political settlement, Armenia must withdraw from Kalbajar, Lachin and part of Aghdam immediately - president
Armenia says one thing to mediators, then does something completely different - President Aliyev
Azerbaijan destroys 2 more 'Smerch' rocket launchers of Armenian troops - MoD (VIDEO)
President Ilham Aliyev talks Armenian troops killed during recent military clashes
Georgian Tegeta motors opens “Toyota center” in Batumi
Armenia refuses to hand over body of 84-year-old Armenian to his family
Uzbekistan increases profitability of its textile exports
Kazakhstan's Nostrum Oil & Gas reveals revenues forecast for 9M2020
Meeting between FMs of Azerbaijan, Armenia kicks off in Geneva
Russian leading list of countries of main wine importers to Georgia
Azerbaijan shows footage of liberated Khudaferin village (VIDEO)
Provocation of Armenian delegate suppressed during EU video conference (PHOTO)
MFA receives no info on Azerbaijani citizens among quake casualties in Turkish Izmir yet
President of Turkmenistan made video statement at International Forum for Northern Economic Cooperation
US expert warns Europe, says Armenian terrorism must be stopped before too late
Azerbaijan reveals data on maritime cargo movement for 9M2020
Turkmenistan’s Oil Refineries extends tender for gasoline purchase
MyWayAirlines to conduct charter flight Tbilisi-Warsaw on November
Kazakhstan’s Nostrum increases 2020 oil forecast despite COVID-19 concerns
Georgia reveals volume of snail meat to be exported to Italy
Uzbekistan introduces automated system for monitoring liquefied gas supply to population
Revival of electronic coupons in Iran to hit low-income families in Iran - economist
Armenia attacks Azerbaijani settlements mainly from its territory
Azerbaijan puts several mercenaries brought by Armenia to Karabakh on int'l wanted list
Shelling of Barda by Armenian troops - flagrant crime against humanity, says Russian expert
Georgia establishes Agro Business Association
Azerbaijan's Constitutional Court appeals to constitutional courts of other countries
Uzbekistan ranks first in gold sales in 3Q2020 - World Gold Council
Estimated real gross domestic product declines in Georgia
Time deposits volume surges in Kazakhstan year-on-year
Turnover on payment cards in Azerbaijan increases
Turkmenistan's Turkmenbashi Oil Refinery to increase oil refining depth
Number of people infected with COVID-19 in Iran exceeds 600,000
Kazakhstan's Almaty launches production of environmentally-friendly batteries
Azerbaijani president instructs to assess damage caused to Azerbaijan by Armenia – aide to president
Kazakhstan's oil refineries decrease oil refining volumes as COVID-19 pandemic hits demand
Armenian Armed Forces attacked strategic targets in Azerbaijan - Prosecutor General
Azerbaijan puts high-ranking Armenian officials on int’l wanted list
Azerbaijan puts foreign fighters recruited by Armenia on international wanted list
Azerbaijan appeals to European Court on Human Rights - aide to First VP of Azerbaijan
Bakcell supports the residents of Barda
Petkim’s products exported to 78 countries abroad
Central Bank of Azerbaijan decides to keep discount rate unchanged
Kazakhstan increases export to China despite COVID-19
Military tribunal must be organized to assess Armenia’s crimes – Assistant to Azerbaijani president
SOS Children’s Villages International to do everything to support children during Karabakh conflict
7 families killed as result of Armenian terror against Azerbaijan – Azerbaijani prosecutor general
Armenia commits environmental terror against Azerbaijan - Ministry of Ecology (PHOTOS)
Macroeconomic stability remains steady in Azerbaijan - Central Bank chairman
Azerbaijan raises import of cars in 9M2020
Azerbaijan confirms 480 more COVID-19 recoveries
President Ilham Aliyev: Azerbaijani Army liberates 9 villages of Jabrayil, Zangilan and Gubadli districts
Passenger transportation decreases in Azerbaijan due to COVID-19 pandemic
STAR Refinery’s investment value to near $7B
Azerbaijani prosecutor general reveals civil casualties, injuries inflicted by Armenia
Kazakhstan's KazMunayGas reports decrease of oil transportation volumes
General Prosecutor's Office discloses crimes committed by Armenian Armed Forces against Azerbaijan
Temporary special administrations to be established in Azerbaijan`s territories liberated from occupation
Azerbaijani army destroys missile-artillery warehouse of Armenian Armed Forces - MoD (VIDEO)
Iran talks agricultural exports to Iraq despite restrictions
Kazakhstan's national oil company faces output decrease at country's major oilfields
Euro zone GDP jumps more than expected in third quarter q/q, prices fall
OSCE MG meeting on Karabakh conflict in Geneva to be closed for media
Permissions granted for building construction down in Georgia
All news