News ID: 236364
Published: 0236 GMT December 24, 2018

First VP: Cushioning blow of sanctions government top priority

First VP: Cushioning blow of sanctions government top priority
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Political Desk

First Vice President Es’haq Jahangiri said the government’s top priority is to mitigate the impact of the US-imposed sanctions and prevent market fluctuations.

“The imposition of US sanctions put the country’s economy under pressure. There were fluctuations in sections like the currency market, investment as well as unemployment,” he said.

“The government’s priority under the current conditions is to mitigate the impact of sanctions-related pressures and return stability (to markets) in the short time,” he added.

Iran’s currency rial has lost most of its value against the US dollar on the unofficial since May, as economic difficulties exacerbated along with the reimposition of sanctions by the United States.

Jahangiri, who was addressing the Supreme Council of Employment, said special measures will be taken to plug unemployment gap.

“More than one billion dollar has been allocated from National Development Fund for a comprehensive employment plan,” he said.

The vice president said Iran has currently more than 3.2 million unemployed people, adding that some 800,000 people are added to the list annually.

The government announced a comprehensive employment plan last year that was aimed at creating one million jobs in a year.

 

   
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