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Veep Says Economy Will Not Buckle Under Pressure

Veep Says Economy Will Not Buckle Under PressureVeep Says Economy Will Not Buckle Under Pressure

First vice president said on Saturday the country will resist US bullying with the help of its own natural and human resources, as Washington mounts pressure on its allies to cut economic ties with Iran.

“It is a critical moment for our economy. But we are not in a dead end,” Es’hagh Jahangiri was quoted as saying by IRNA.

“This country has plenty of human and natural resources that can be relied upon. In minerals and metals we are among the top 10 countries,” he said.

Washington has withdrawn from a deal that had eased  sanctions on Tehran in return for curbs on its nuclear program. Sanctions imposed in August target Iran’s trade in gold and other precious metals, its purchases of US dollars and its auto industry. US President Donald Trump has said a new round of sanctions will be imposed in November, targeting Iranian oil exports. The national currency (rial) has lost about half of its value since April, driven mainly by heavy demand for dollars among businesses and the ordinary people trying to protect their savings.

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