Iran Economic Headlines - December 12

Iran Economic Headlines - December 12
Iran Economic Headlines - December 12

Governor of the Central Bank of Iran, Abdolnasser Hemmati: Iran has launched mutual financial channels with a number of world states for money transactions to confront the US sanctions. (Fars News Agency)

  • President Hassan Rouhani: The decision by OPEC and other oil producers to cut output was a rebuff for a US “policy of meddling”. (IRNA)
  • Minister of Industries, Mining and Trade Reza Rahmani: Depreciation of the national currency presents an opportunity to promote exports. (ILNA)
  • Austrian Envoy Stefan Scholz: European states trying hard to settle financial transactions problem with Iran. (Fars News Agency)
  • Managing Director of South Steel Company, Ahmad Donya-Nour: Europe has halted its steel purchases from Iran until the so-called Special Purpose Vehicle – a special payment channel created by Europe as part of its efforts to keep trade flowing with Iran in defiance of US sanctions – is put to use. (ILNA)
  • Former Speaker of Iran's Foreign Ministry, Mohammad-Ali Hosseini: The Special Purpose Vehicle will be implemented regardless of whether a certain European country (or countries for that matter) agrees to host it. (ILNA)
  • Chairman of Majlis Economic Commission Mohammadreza Pourebrahimi: (Consumer) Prices are set to fall in the coming months. (Fars News Agency)
  • Minister of Roads and Urban Development Mohammad Eslami: Expansion of rail transportation and suburban train network top the agenda of next year’s budget bill. (
  • Head of Plan and Budget Organization Mohammad Baqer Nobakht: As per next year’s budget bill gasoline prices will remain unchanged at 10,000 rials per liter. (IRNA)
  • Head of the Iranian Steel Producers’ Association, Bahram Sobhani:  Iran has the capacity to export between nine million tons to 10 million tons of steel by March 2019. (IRNA)
  • First Vice President Es’haq Jahangiri: Water shortage is the most critical problems facing Iran. (
  • Deputy Interior Minister Mohammad Najjar: Drought spells in some regions of Iran are lasting for 20 years now. (IRNA)
  • President of Iran’s Exports Federation Mohammad Lahouti: Bans on exports deprive the private sector of their export destinations. (IRNA)
  • Iraqi Minister of Construction and Housing, Bengin Rikani: Iranian firms’ participation in rebuilding Iraq is welcome. (IRNA)
  • CEO of Government Trading Corporation Yazdan Seif: Iran's wheat reserves stand at around eight million tons, which could meet the domestic demand for the next nine months. (ILNA)
  • Secretary-General of Iran International Chamber of Commerce Mohammad Mehdi Behkish: Bureaucrats are the key players of Iran’s economy in this day and age. (Mehr News Agency)
  • Caretaker of Iranian Mines & Mining Industries Development & Renovation, Jamshid Molarahman: Volatilities in the foreign currency market could lead to the shut-down of mining projects. (ILNA)
  • Official with the Geological Survey and Mineral Explorations Organization of Iran Abdolhamid Sartipi: West Azarbaijan accounts for 0.5% and 31% of the world’s and Iran’s gold reserves respectively. (IRNA)
  • Agriculture Minister Mahmoud Hojjati: Iran’s southern province of Hormozgan accounts for 33% of the country’s total fishing output. (IRNA)
  • Iran’s Commercial Attaché to Pakistan Mahmoud Haji Yousefipour: The volume of Iran’s non-oil goods exported to Pakistan in the first 8 months of the current Iranian calendar year (March 21- November 22) has registered a 58% increase in comparison with the same period last year, reaching a total sum of $860 million. (Fars News Agency)
  • Jakarta’s Ambassador to Tehran Octaviano Alimuddin: Indonesia is determined to bolster and broaden its all-out relations with Iran, especially in the fields of politics and economy. (Fars News Agency)

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