TEHRAN (Iran News) –Economy Minister and Spokesman of Government Economic Team announced that a joint investment agreement between Iran and the United Arab Emirates will be signed in the near future.

Speaking in a presser, Ehsan Khandoozi, emphasized: The United Arab Emirates is a suitable place for real and legal investors.”

He added: A delegation from the UAE traveled to Tehran recently, and I also met the Minister of Economy of the UAE on the sidelines of the trip to Jeddah.

The Minister said: We also had proposals for cooperation with the private sector, and we are waiting for the response.”

He then noted that  a short-term economic plan will be unveiled to curb inflation. The plan, which will be implemented for 10 months, includes a number of measures to increase production, control the money supply, and stabilize the exchange rate, he added.

He said the plan was developed by the government’s economic headquarters, which is led by First Vice President Mohammad Mokhber, and was approved by President Ebrahim Raisi on Monday.

The plan includes a number of measures to increase production. It also includes measures to stabilize the exchange rate. The government believes that the plan will be successful in curbing inflation.

Khandouzi also said that SWIFT is considered to be replaced with the Asian inter-banking communication system.

He went on to say that one of the goals of the government is to control the inflation and the government has managed to control and manage the inflation by controlling the infrastructural factors of inflation in the national economy.

He added that the roots of inflation in the recent five years have led to mistrust of producers to the prices and the decline in purchasing power of the people.

He stated that global inflation last year as well as unrests in the country in the second half of the past year led to the chaos in the forex market and they were effective in the rise of inflation.  He added that the government has taken the control of the indiscipline of the government as well as monetary indiscipline.

He went on to say that this year the government is focused on easing the business regulations and the license for starting a business will be issued very fast.

Khandouzi also said that the liquidity growth slowed down by the end of last year and id reduced by 30% and the Central Bank has set the target to reduce it to 25% this year, reiterating that money creation in the national banking system is now under control.

He went on to say that some reforms are needed to reduce the dependence of national economy on the forex fluctuations and this should happen in the field of foreign trade and forex.

He stated that the Central Bank has supplied more forex to meet the needs of imports and production in the first two months of last year.

Khandouzi also said that soon some reforms in the labor law will be announced and it will boost job security for workers as well as employers.