Iran’s economy reassuringly stable: ICB Gov.

TEHRAN, Aug. 28 (MNA) – CBI governor, says that Iran’s economy is enjoying a stable status currently which makes it reassuring for investors, traders, and businesspeople.
“Fortunately, our economy, after a period of drastic fluctuations, has found a very reassuring status, taking advantage of the principles of the resistance economy,” said Valiollah Seif, the Governor of Central Bank of Iran (CBI), on Monday.
He made the remarks at the bureaucratic council of Iran’s South Khorasan Province, in the capital city of province, Birjand.
“The eleventh administration started at a time of storm-hit situation,” highlighted the official defending the accomplishments of the Rouhani’s first term administration which left office very recently to his second term administration.
“Foreign trade, at the beginning of the 11th cabinet, made up 15% of Iran’s economy, suffering from extended anti-Iran sanctions,” recounted the Iranian official, “our banking system lagged behind because of the disconnection between Iranian and foreign banks in the time of sanctions.”
He added that a big part of Iran’s economic growth of last year which hit a rate of 12.5% was owed to the flourished oil export of the post-JCPOA era, “the limitations imposed on Iran’s oil export had created a difficult time for the country.”
The senior official asserted that while many countries are experiencing huge turbulences, Iran has kept a stable economy. He boasted that during the last four years the volume of export has exceeded the volume of import in Iran, as a results of many measure taken.