TEHRAN (Iran News) –The government spokesman says the recent fluctuations in the national currency’s value were triggered concurrently with the enemy’s frustration with the failure of the foreign-backed riots that erupted in the country in September.
Ali Bahadori-Jahromi defended the Raisi administration’s performance in stabilizing the currency market before the recent fluctuations, adding, however, that the exchange rate began to spike due to the enemy’s plots.
“This administration created relative stability in the currency market for about one year and three months. But, the foreign currency exchange rate has increased since [November], coinciding with the enemy’s disappointment with the street riots,” he said.
Bahadori-Jahromi noted that the currency volatility is aimed at creating economic insecurity, dissuading investment, and halting economic growth.
In recent months, he went on to say that, Iran’s oil sales and exports have increased with the non-oil trade balance turning positive. “Yet, even if we don’t sell oil, the country’s foreign exchange needs will be met.”
“Almost always, the supply of [foreign] currency … has been more than its demand. Given these conditions, the price should naturally come down, but it is increasing in the free market because of the creation of expectations as well as media and psychological hype,” he added.
He further said that attracting investments by the Iranians abroad in the knowledge-based area is one of the economic potentials the administration has focused on.
Speaking in his weekly press conference, Bahadori Jahromi said that from the beginning of the Raisi administration in September 2021, over $409.2 million of investment was realized in 25 projects.
Industry, services, agriculture, utility, gas, transportation, mining, and construction sectors were the areas of investment.
Bahadori also reported a 2.5 increase in both domestic and foreign investment in the current administration’s first year compared to the previous administration’s last year of governance.
The spokesman added: “Only in the first year [of the current administration], 338 projects worth $10.2 billion have been ratified to carry out, of which 294 projects worth $5.950 billion have been finalized put in operation.”
Iran’s Government Spokesman stated that Raisi’s administration is fully ready to support Iranian citizens living abroad to return to the country anytime they want.
Bahadori-Jahromi inresponse to a question said:”There are zero barriers to Iranians returning to the country and resuming their activities, in case they have no private plaintiffs.”
He further remarked that facilitating packages are prepared by Iran’s Foreign Ministry such as “Mikhak” and “Porsesh” to offer services for Iranian citizens intending to return to the country.