News ID: 219031
Published: 0331 GMT July 29, 2018

First vice president urges CBI to prepare for US sanctions

First vice president urges CBI to prepare for US sanctions

Domestic Economy Desk

First Vice President Es'haq Jahangiri called on the Central Bank of Iran (CBI) to draw up necessary plans to safeguard the national economy against impending US sanctions.

The US seeks to impose restrictions on Iran's exports of oil, petrochemicals and metals to minimize Iran's revenues, he said, adding the CBI is now required to revise its policies, Shana reported.

Describing the trend in Iran's economic indices during the past five years as positive, he said the economic teams of the past and incumbent governments have succeeded in putting in a convincing performance to curb inflation, create jobs, boost investments, increase non-oil exports and resolve the problems faced by domestic private sectors.

Jahangiri noted that currently, the country is facing very critical and dangerous circumstances, adding these limitations should not necessarily be viewed as obstacles always leading to a dead end.

They also create opportunities that should be used optimally to accelerate the country's development, he stated.


Resource: Shana
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