Iran’s Rouhani says economy should get rid of rent-seeking
Baku, Azerbaijan, Jan. 4
By Fatih Karimov - Trend:
Iran's President Hassan Rouhani has said that the economy should get rid of rent-seeking.
He added that the economy will progress in a competitive environment, Iran's IRNA news agency reported on Jan. 4.
He made the remarks in the opening ceremony of the first conference on the Iranian economy, which was inaugurated on January 4 in Tehran.
Rouhani emphasized that all the organizations should publicize their economic activities transparently.
In April 2014, the International Monetary Fund said Iran had achieved considerable progress in raising per capita income and living standards in previous decades.
According to the report, since the presidential election in June 2013, there have been some signs of stability. The exchange rate has appreciated markedly in the bureau/parallel market. The Central Bank of Iran has kept a lid on base money growth thanks to tighter credit to the banking system and some fiscal consolidation, and 12-month inflation declined to about 29 percent in January 2014.