CBI gover­nor: Iran in pos­i­tive talks with sanc­tions-ex­empted states

Iran Daily - - Domestic Economy -

Iran is con­duct­ing pos­i­tive ne­go­ti­a­tions with the eight states which were granted waivers from US sanc­tions to pur­chase oil from Tehran, said the gover­nor of the Cen­tral Bank of Iran (CBI) on Satur­day.

Ab­dol­nasser Hem­mati un­der­lined that the US has failed in its pol­icy to zero down Iran’s crude ex­ports, say­ing that Tehran is in ‘se­ri­ous and pos­i­tive’ talks with the eight coun­tries which have been ex­empted from oil em­bar­gos, IRNA re­ported.

He pointed to Iran’s ef­forts to de­crease depen­dence on oil rev­enues and said that non-oil ex­ports reached $27 bil­lion in the seven months from March 21.

“It shows over 13 per­cent in­crease com­pared to the fig­ure for the same pe­riod last year,” Hem­mati said.

Ira­nian of­fi­cials have in many cases re­as­sured that the vow to cut Iran’s oil rev­enues to zero is a wild dream that will never to come true. Both the Ira­nian gov­ern­ment and par­lia­ment have taken prepara­tory mea­sures to min­i­mize the neg­a­tive im­pacts of the move.

“The Cen­tral Bank of Iran has drawn up a num­ber of plans to cope with the worst-case sce­nar­ios af­ter the sec­ond round of the US sanc­tions was en­forced. Mean­while, we have man­aged to build up our for­eign ex­change re­serves over the past months,” Hem­mati said last week.

Ac­cord­ing to Hem­mati, the CBI has fo­cused mainly on sta­bi­liz­ing for­eign-ex­change mar­ket over the past few weeks by but­tress­ing Iran’s na­tional cur­rency.

“I’m sure that the great Ira­nian na­tion will leave the cur­rent volatile sit­u­a­tion be­hind suc­cess­fully. We are now de­vel­op­ing new plans to re­store bal­ance to the mar­ket and prevent in­fla­tion from go­ing up fur­ther,” he noted.

IRAN DAILY

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