Nahavandian: JCPOA to be utilized for Resistance Economy

EghtesadOnline: Head of the Presidential Office Mohammad Nahavandian said on Saturday that the Joint Comprehensive Plan of Action (JCPOA) has been utilized to develop the Economy of Resistance and economic progress.

News ID: ۷۶۸۸۲۶

14 August 2016

Nahavandian told IRNA that the government adopted the Economy of Resistance over the past three years, enforced single parity rate for foreign exchanges, so that no fluctuation now governs the foreign exchange market.

He highlighted government determination to curb inflation, saying that the inflation rate control has been evident well in the forex rates.

'So the investor can be availed with a reliable account and plan for another two, five and/or 10 years.'

He said the gap between the market rate and official foreign exchange rate has been well managed.

'The decision based on which banks are allowed to carry forex deals is a good gesture and I believe it will bear fruit smoothly without taking any extra move,' he added.

He said that naturally, once the next steps are taken, the effects of the JCPOA in production and national income will be observable after Iran's presence in regional and the world trade.