Iran’s economy minister vows surge in exports

Iran’s Minister of Economy Abdolnaser Hemmati has said that the government will address concerns regarding forex rates in the near future which he believed would lead to a surge in the country’s exports.

16 November 2024
ID : 55852
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Iran’s Minister of Economy Abdolnaser Hemmati has said that the government will address concerns regarding forex rates in the near future which he believed would lead to a surge in the country’s exports.

Addressing the 28th National Conference on Non-Oil Exports Developments, the minister said that the government seeks stability in the economy. “The government believes that exports should not stop by any means,” he noted.

Referring to the restrictions imposed on the Iranian economy for being blacklisted by the Financial Action Task Force (FATF), an anti-money laundering organization, he said that “Iran has no money laundering activity and seriously fights it. Why should it be enlisted in the blacklist?”

Iran’s presence in the FATF blacklist legitimizes the US sanctions on the country, Hemmati said, adding that the US tries to keep Iran in the blacklist so as to create a global consensus against Tehran.  

He believed that sanctions imposed on Iran are no good reason for ignoring the FATA mechanisms, noting that they are two separate issues.

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