Economy, Business And Markets

Seif: US Decision Not to Impact Economy

Seif: US Decision Not to Impact Economy Seif: US Decision Not to Impact Economy

The US decision regarding Iran’s nuclear deal, whatever that may be, will not cause any disruption to the country’s economy, the governor of the Central Bank of Iran said. 
Valiollah Seif also said on Tuesday that at the core of recent decisions taken by the government regarding the foreign exchange market has been the immunization of the economy from “ enemies’ propaganda”, particularly that of the US.
“Recent forex measures have caused the country’s forex reserves to be put under proper control so that hard currency can be allocated to meet prioritized need,” Seif was quoted as saying by IBENA.  
US President Donald Trump announced on Monday that he will reveal whether he intends to breach the nuclear agreement with Iran on Tuesday. In a mid-afternoon tweet, Trump treated his upcoming diplomatic decision as though it were a reality show finale.
However, Trump did not need to make this decision on Tuesday. The deadline for action won’t come until May 12, when the president will need to renew a waiver on America’s nuclear sanctions against Iran—or else, violate the terms of the agreement that limited Iran’s nuclear program in exchange for sanctions relief. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment