CBI Gov hails JCPOA economic benefits

EghtesadOnline: Iran should rely on its stability and security to attract foreign investment and build on the economic opportunities reaped after implementation of the nuclear deal, says the governor of the Central Bank of Iran (CBI).

News ID: ۷۳۹۲۴۷

16 January 2017

Valiollah Seif, in an interview with the Persian daily Iran, published on Monday, hailed the economic opportunities after the 2016 implementation of the Joint Comprehensive Plan of Action (JCPOA).

He said despite some challenges and complexities faced by Iran following implementation of the JCPOA, the nuclear deal provided the country with the economic opportunities which did not exist otherwise, IRNA reported.

'When combined with Iran's unique stance in the region and the security and stability it enjoys, the post-JCPOA opportunities could bring forth economic benefits, Seif said.

'What we need to do, at an international level, is that we should publicize the security and stability of the nation and let foreign investors take into account such factors as the basis for their future decisions,' he said.

The CBI governor said as a result of dire security conditions in almost every country in the region, except Iran, big foreign companies avoid doing business in the region or they demand high prices for their services due to security issues.

'But the Islamic Republic could rely on its unique security and stability to fill the void,' Seif said.