Publishe Date: 12:34 PM - 10/12/2014 | Print

CBI Governor: Sanctions Not to Stop Iran's Growth

Economy - Iran’s economy should continue to grow even if economic sanctions remain in place, the Governor of Iran Central Bank (CBI) Valiollah Seif said.

Seif said that Iran's economy is projected to grow by 3 percent this year, Bloomberg reported.

“The economic situation in Iran is on the mend,” he further added.

“The economic program we have right now is based on the fact the sanctions will continue, so this is a given assumption,” Seif said. “Naturally, if sanctions are removed, we would experience much better results.”

The central bank is targeting an inflation rate of 17 percent this year and 14 percent in 2015. By 2016, the bank hopes price growth will fall to the single-digit range, said Seif.

Analysts believe that a rise in production of goods and services has attracted liquidity to these sectors and led to the new fall in inflation rate.

 

 

 

 

 

 

Tags: Economy -
Send comments
Send to a friend
Name (Optional)
Email (Optional)
Show
Website/Weblog (Optional)
Your Comments     0/700
I approve the publication, to be informed
New comments to this news, sent to my email
KhabarOnline comments that contain insults, it does not publish
Please enter the phrase in the box
= 9 + 12
Send
187266
Your name
Your e-mail
E-mail a friend
Description
Please enter the phrase in the box:
= 9 + 12
Send News
Last News
More...