Iran after Release of Currency Assets Abroad: President

Iran after Release of Currency Assets Abroad: President

President of Iran Hassan Rouhani says diplomatic and economic officials have launched a push to free the country’s foreign currency assets in the other countries in order to reduce susceptibility to any currency market volatility.

Addressing a meeting of the Administration’s Economic Headquarters on Tuesday, President Rouhani stressed the need to prevent the pressure of sanctions on the supply of foreign currency from leading to a hike in the price of basic commodities.

The president said one of the main economic priorities the administration has set for the current Iranian year is managing the capital market and supplying the foreign currency to meet the country’s demands.

“The foreign policy and the Central Bank officials are trying to free Iran’s currency assets in the other countries through multilateral consultations, so that the country’s currency market would be immune to possible volatility, “President Rouhani noted.

He also highlighted the efforts to handle the situation in two fronts at the same time, saying the administration is actively dealing with the “cruel and inhumane sanctions” imposed by the enemies and fighting against the coronavirus epidemic and mitigating its economic repercussions simultaneously.

“One of the country’s glories in simultaneous handling of the sanctions and the coronavirus has been fulfillment of the necessary needs of people in the market, in such a way that we prevented the inhumane dream of those imposing sanctions from coming true, which was causing problems and distress in the daily economic lives of people and the supply of the items they need for livelihood,” the president stated.

President Rouhani also praised the Ministry of Health and Medical Education and the Central Bank of Iran for providing the necessary medicine in the current tough conditions, saying good planning has enabled people to obtain medication in spite of the sanctions and the outbreak of coronavirus.

In comments on Sunday, President Rouhani had highlighted his administration’s efforts to deal with the economic consequences of the coronavirus outbreak, saying the main priority in the administration’s economic plans is to control prices and supply the basic means of life.

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