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Central Bank of Iran continues with its policies despite difficulties

Business Materials 4 November 2020 09:45 (UTC +04:00)
Central Bank of Iran continues with its policies despite difficulties

TEHRAN, Iran, Nov .4

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The Central Bank of Iran continues to apply necessary measures to control inflation, boost the value of national currency and support the production growth, said the bank's governor Abdolnasser Hemmati, Trend reports via IRNA.

"Apart from expectations and unnecessary pressures from some individuals and the efforts to create lack of transparency and evading foreign currency policies the Central Bank of Iran is insisting on its basic plans and follows its policies," said Hemmati.

"Despite the re-impose of heavy sanctions and pressure on the low-income families, Iran is still standing," he said.

"The US has re-imposed sanctions against Iran to interrupt the country's economy two years ago and sanctioned Iran's ports , shipment, maritime industries, trading oil and petrochemical materials and financial transactions between international institutes and the Central Bank of Iran," he said.

"The Central Bank of Iran has been facing difficult days during this time but it has immediately assigned foreign currency for import of necessary goods," he added.

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