News ID: 236039
Published: 0401 GMT December 18, 2018

Jahangiri stresses US failure in destabilizing Iranian economy

Jahangiri stresses US failure in destabilizing Iranian economy

Washington attempted to stir chaos in Iran's economy by imposing the hardest-ever sanctions against the country, but to no avail, said Iran's First Vice President Es'haq Jahangiri.

According to Fars News Agency, Jahangiri said at a ceremony in Tehran on Tuesday, "The Americans are aware that Iran can resolve its problems and therefore, they imposed the hardest-ever sanctions throughout its history against the Iranian nation, but Iran is still standing on its feet."

He underlined the Iranian government's efforts to turn the economic turbulence created following the US withdrawal from the 2015 nuclear deal into stability, and said, "Fortunately, today we are witnessing signs of reviving stability to the country's economy."

Earlier this month, President Hassan Rouhani stressed Washington's failure to prevent Iran's oil exports, expressing pleasure that crude sales had even increased after the US sanctions.

"Part of my meeting today with the oil minister pertained to a discussion of the conditions of oil sales. Thanks God, we are in suitable and good conditions. The US wanted to prevent our oil exports and I clearly tell people that our oil exports have improved after November 4 (the day US imposed oil sanctions against Iran) compared to the past," President Rouhani said after a joint meeting with Parliament speaker and the head of the Judiciary in Tehran.

He pointed to the failure of the Americans to block Iran's oil sales, and said they also made attempts to dissuade OPEC members from cutting production but they failed.

"Our oil sales will remain on the same course as it was before this (OPEC) meeting," Rouhani said.

In November, Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati said that the US had failed in its efforts to cut Iran's oil revenues to zero with sweeping sanctions, while the country was ready to withstand even worse conditions.

Hemmati made the point in a message on his Instagram page, underlining that it was no secret any more that the US had failed to carry out its earlier threats to push Iran's oil sales down to zero under various pretexts.

"The Central Bank of Iran has developed various plans to manage with the worst-case scenarios after the second round of the US sanctions is carried out. Meanwhile, we have managed to build up our foreign exchange reserves over the past months," he said.

According to Hemmati, the Central Bank of Iran had been focusing mainly on stabilizing foreign-exchange market over the past few weeks by promoting Iran's national currency.

"I'm sure that the great Iranian nation will successfully put behind the current volatile situation. We are now developing new plans to restore balance to the market and prevent further rise in inflation rate," he noted.

Also last month, Iran's Economy Minister Farhad Dejpasand downplayed the November 4 US sanctions against Tehran, stressing that his country had planned appropriate and effective measures to confront them.

   
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