Business And Markets

Central Bank of Iran Sees Signs of Economic Stability

Stability in the markets indicates failure of the so-called ‘maximum pressure’ campaign unleashed by the hostile United States government. But this does not mean decline in prices or easing of pressure on the people
Central Bank of Iran Sees Signs of Economic Stability Central Bank of Iran Sees Signs of Economic Stability

Governor of the Central Bank of Iran says people are more optimistic now about the improving economic conditions than they were six months ago.
Referring to efforts to enhance domestic production and given the positive signals from markets, Abdolnasser Hemmati took to Instagram at the weekend to say that he sees signs of economic improvement. 
Hemmati said the relative stability in the currency market has had an impact on other markets.
“On several occasions in the past three months, I have reiterated that stability in different markets and decline in inflation means that the economy is moving toward stability,” he wrote.   
Referring to hard facts during a state TV program last week, he said the economy is showing signs of improvement in key variables. 
More specifically, he pointed to the rial regaining 40% of its lost value in the face of new US sanctions and decline in the pace of price hikes. 


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