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Rouhani says nuclear deal to reinforce economy

Business Materials 2 August 2015 23:12 (UTC +04:00)
Iranian president said that the comprehensive nuclear deal achieved July 14 to reinforce the country's economy.
Rouhani says nuclear deal to reinforce economy

Tehran, Iran, August 2

By Mehdi Sepahvand - Trend:

Iranian president said that the comprehensive nuclear deal achieved July 14 to reinforce the country's economy.

Iranian President Hassan Rouhani has just started a live address on the national TV (IRIB) on August 2 about the recent deal on the country's nuclear program as well as his administration's economic plans.

He said through the two years into his administration, all his speculations about the inflation rate have come true.

Iran's inflation rate decreased from above 35 percent in 2013 to below 15 percent currently.

"I am hopeful that by the end of my term, inflation will turn into a one-digit number, and sustainable at that, which has been a dream of 40 years for Iranians," Rouhani asserted.

Iran and P5+1 (the US, UK, France, Russia, China and Germany).achieved the nuclear deal on July 14 and it's expected that the sanctions would be removed by the end of 2016.

It's expected that billion dollars of Iran's blocked assets abroad would be release after lifting sanctions.

Rouhani said his administration is not going to repeat the previous administration's experience in opening the Iranian market to consumer goods from abroad.

"It would be a disaster if after the deal we repeat that experience," he stressed.

Iran's GDP decreased from $557.9 billion in 2012 to $415.3 billion in 2014, according to the World Bank's estimation.

Rouhani said that his administration planned an annual 8-percent GDP growth in next years.

"However hard to achieve, the Supreme Leader Ali Khamenei has said we should try to achieve an economic growth of 8 percent. That is a must. If we achieve that, by 2021 Iran's revenues will grow by 59 percent and after 20 years, our income will increase 4.5 times," Rouhani stated.

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