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Central Bank of Iran calls for productive investments in G-24

Business Materials 21 April 2022 14:57 (UTC +04:00)
Central Bank of Iran calls for productive investments in G-24

TEHRAN, Iran, April 21. The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) should improve and direct productive investments to create jobs and economic growth, said the Governor of Central Bank of Iran Ali Salehabadi, Trend reports citing Borna News Agency.

"It should boost foreign trade, support sustainable investments, create jobs based on capabilities of developing countries," he said during the meeting of the minister of the G-24 countries, central Bank governors.

Salehabadi stressed that the reviving of economies was affected by COVID-19, and its necessary to boost the value of national currencies in developing countries, support emerging markets, promote commerce.

According to Salehabadi, Iran is ready to maintain its oil output based on the market conditions, and if the sanctions on Iran are lifted, it would lead to considerable investments.

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