TEHRAN, Iran, Jan.22
Trend:
It should be borne in mind that not only the foreign exchange rate, but other factors such as bank transfers, transportation, port capacity and activities of joint chambers of commerce are important for the export growth, the former head of the Central Bank of Iran said.
“The increase in the exchange rate in our country coincided with the re-imposition of sanctions and the extension of restrictions. However, we have nearly $40 billion in non-oil exports, which is a huge victory for our oil-dependent economy,” Ebrahim Sheibani said, Trend reports citing ILNA.
"Our budget has always been based on oil revenues," said Sheibani. "Since the economy is based on the oil revenues, our economy has also become a state-owned economy, and this is also true for all Middle Eastern oil-rich countries."
“Meanwhile, a country like Austria accounts for 96 percent of government revenue from the private and tax sector., and Germany has more than 4 million registered companies, which are the drivers of budgeting, growth and employment,” he said.