Categories: EconomyHard News

Iran financial policies focus on 3 key economic variables

Since removal of anti-Iran sanctions in January, the Iranian government's financial policies have been aimed at cotrolling three major variables of macroeconomy, deputy governor of the Central Bank of Iran (CBI) announced on Thursday.

Speaking to IRNA, Akbar Komeijani referred to those variables as the inflation rate, relative stability in foreign exchange market and reforming the banking profit rates.

Meanwhile, control of inflation is CBI’s top priority, Komeijani stressed.

While inflation rate in Iran was 40.4 two years ago, it decreased to 12.6 percent in Bahman 1394 (January 21 – February 19, 2016), said the official adding the figure well indicated the right financial policies that Central Bank of Iran has been pursuing to reach a single-digit rate of inflation.

Golrokh Askarieh

Recent Posts

UN chief calls for independent investigation into Gaza mass graves

United Nations Secretary-General Antonio Guterres stated he is “deeply alarmed” by reports of mass graves…

26 seconds ago

Interior minister: Iran can take no more Afghan refugees

The Iranian interior minister says Iran is overwhelmed with the influx of Afghan refugees who…

9 mins ago

WHO chief: Rafah invasion would be ‘humanitarian catastrophe’

The head of the World Health Organization, Tedros Adhanom Ghebreyesus, has taken to X to…

32 mins ago

UN says law enforcement action at US universities ‘disproportionate’

The United Nations has voiced concerns regarding the police treatment of pro-Palestine protesters at US…

43 mins ago

Official: All crew members of Portuguese ship safe, one freed

The deputy director of the Maritime Affairs Office of Iran’s Ports and Shipping Organization says…

2 hours ago

Iran, China can increase bilateral trade to above $50bn annually

The head of Iran's Chamber of Commerce says the trade volume between Iran and China…

2 hours ago