Iran's market has relative stability - First VP

Business Materials 6 January 2020 10:21 (UTC +04:00)
Iran's market has relative stability - First VP

TEHRAN, Iran, Jan.6


There is a relative stability in Iran's market and there are abundant sources to provide basic goods to meet people's demands, said Iran's first VP.

"While people are under pressure due to the US sanctions, necessary efforts are taken to address problems," Eshaq Jahangiri said at a meeting with ministers and other officials, Trend reports citing IRNA.

The official called the Consumers and Producers Protection Organization and other organizations to monitor the market situation.

"The reports indicate there is a relative stability in the market due to proper planning of the unions, private sectors and the market regulation headquarters and this work shall be continued," Jahangiri added. "It is important to monitor the price of 100 items of necessary goods as well as other items and services especially medicines and health care services."

"The ministries of Agriculture and Industries, Mine and Trade should implement cohesive plans to provide necessary goods for celebration of new Iranian year (begins March 21, 2020)," VP said.

As was reported at the meeting, according to the recent report, the price of 40 items of goods decreased, and the price of 32 items slightly up to 1 percent. The production in past nine months of current Iranian year (began March 21, 2019) increased in most sectors. It was also noted that the increase of price for some agriculture products including tomato, onion and banana was seasonal and shall decrease by spring.

According to Central Bank of Iran report, stability in foreign currency market had positive effect on the price of goods and the market.