Final nuclear deal to spur Iran economy: CBI official

Final nuclear deal to spur Iran economy: CBI official
Final nuclear deal to spur Iran economy: CBI official

A senior Iranian banking official forecasts a six-percent economic growth for Iran in case Tehran and six world powers reach a final accord on the Islamic Republic’s nuclear program.

The prediction by Akbar Komijani, deputy governor of Central Bank of Iran (CBI), comes as Iran and the six powers – the United States, France, Britain, Russia, China and Germany – started their current round of talks on Wednesday in search of a final deal.

“If the negotiating process is sped up, the country can have access to increased oil revenues and better access to overseas assets,” The Wall Street Journal quoted Komijani as saying.

The central banker said he regularly receives foreign investors willing to enter the Iranian market amid hopes of an ease in sanctions slapped on Iran.

“[If a final accord is achieved,] we will have the opportunity to import the necessary inputs for our industrial capacity,” Komijani said.

He added that illegal sanctions imposed by the United States and the European Union (EU) have blocked Iran’s access to as much as USD 150 billion in oil revenues.

Iran and the six world powers wrapped up their latest round of talks over Tehran’s nuclear energy program in Vienna on June 20.

The two sides have been discussing ways to iron out their differences to achieve a final deal that would end the decade-old dispute over Tehran’s nuclear energy program.

Iran and the six countries inked an interim accord in Geneva, Switzerland, on November 23, 2013. Under the deal, the six countries agreed to provide Iran with some sanctions relief in exchange for Iran agreeing to limit certain aspects of its nuclear activities during a six-month period. The deal expires on July 20 but can be extended depending on the agreement of all parties involved.

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