Tehran, Iran, April 16
Trend:
Iranian Minister of Economic Affairs and Finance rejected that US sanctions impact the economy of Iran.
“Iran has no worries about the compensation for damages in the flood-affected areas,” the Minster Farhad Dezhpasand told ILNA, Trend reports.
"Raising concerns will raise worries and lead to frustration and uncertainty, and we should not help to create such a situation,” the Minister Economic Affairs and Finance noted.
“For instance, it’s said that that the flood has caused damages to the production of wheat,” he said. “Yes, it is true. Part of our crop product can no longer be harvested anymore, but thankfully, since we have had a wet year, our total estimate is that the harvesting rate will be the same as our consumption,” the Minister added.
Answering the question about whether the US measures to include the national Revolutionary Guards in the list of terrorist groups will affect the country'sfinancial relations with Europe, he said recent US actions would not affect Iranian economy.
"As you know, a number of our financial institutions, including military financial institutions and banks are merging with government banks,” he said referring to the merge of four military-owned banks with Sepah bank.
Earlier, the Central bank of Iran (CBI) announced that five banks and financial institutions affiliated with the Iranian armed forces would be merged with Sepah Bank. The five entities to be merged include Bank Ansar, Bank Qavamin, Bank Hekmat Iranian, Bank Mehr Eqtesad and Kowsar Credit Institute. Some of them are said to be suffering from accrued losses.