TEHRAN (Iran News) – Iranian President Hassan Rouhani on Tuesday stressed the need to control the foreign exchange (forex) rates and prevent their hikes.
Speaking in the 137th session of the Government’s Economic Coordination Headquarters, Rouhani called on the economic organizations and banking system to coordinate the affairs to control the forex rates.
The president urged the officials to give top priority to basic goods, medicines, equipment, and raw materials needed by the production sector while allocating foreign exchange.
During the meeting, the topics mainly revolved around the factors playing effective roles in boosting production and exports leading to the increase of foreign currency reserves.
The ministries of energy, communications and information technology, and the Central Bank of Iran was tasked with following up digital currency extraction and making the necessary plans.
Given the problems in the global economy and providing foreign exchange, the ways of reimbursement of forex loans granted by the National Development Fund to investors in the electricity industry were reviewed.
In the first stage, the sector was given two more years to repay the loan, the officials decided to further discuss the issue at expert-level commissions and inform the government of its outcome.
The Ministry of Industry, Mine and Trade, Oil Ministry, and Planning and Budget Organization (PBO) was urged to continuously monitor exports, foreign exchange, and trade policies, remove barriers, and provide the necessary facilities for exporters.
The top officials also exchanged views on diversifying import and export methods and strengthening export structures and policies.
- source : Iran Daily, Irannews