Tehran, Iran, April.6
Trend:
The Governor of the Central Bank of Iran announced the beginning of the second phase of its policies, with the priority of dealing with flood victims.
Abdul Nasser Hemmati said that experts are predicting two scenarios for the future of the country in new year (started on March 21).
"The first is exacerbation of the problems, as the effects of US sanctions, lower oil revenues, the escalation of inflation, the increase of liquidity and decrease the economic growth. Another prediction is to overcome the difficulties including slowing the blade of sanctions, increasing exchanges with neighbors, a significant reduction in unnecessary imports, a boom in national production, increased non-oil exports, foreign exchange controls, and the ability to curb liquidity,” Hemmati said, Trend reports citing ILNA.
"From now onward, with the priority of addressing the flood-affected people, we will take the second step."