Forex Reserves and Foreign Trade in Good Condition

TEHRAN (Iran News) Mehrdad Saadat referred to the 12-day aggression by the Zionist regime against Iran, emphasizing that this assault led to greater unity among the people, economic actors, and the government.

“A strong sense of solidarity has been created, and we can successfully overcome this period,” Saadat said. He stressed that in these circumstances, officials must appreciate the resilience and patience of the people and act swiftly to meet their needs.

Saadat highlighted that in recent days, both citizens and officials have played their part in defending the country’s territorial integrity. In particular, he praised the private sector and producers for stepping up to increase production, aiming to prevent economic pressure on society and avoid unemployment or financial crises.

“Fortunately, people have always been making sacrifices for the country, and thanks to this unity among citizens, economic actors, and the government, we can get through the current situation with our heads held high,” he added. Saadat cited examples such as factories adding extra work shifts to meet public demand quickly and efficiently.

He firmly rejected claims that the war had hampered domestic production and trade, stating: “Contrary to what enemies imagined, the war has not caused any problems for the country’s production and trade.”

Referring to the lessons learned from the eight-year Iran–Iraq war, Saadat noted that economic players have valuable experience in crisis management. “With the start of the Zionist regime’s aggression, many producers, supported by the government, intensified their efforts to boost production and meet public needs,” he said.

The head of the Iran–Turkey Joint Chamber of Commerce also mentioned that members of joint chambers, including Iran–Turkey, continued their production and trade activities without disruption to the economic system. Saadat also pointed out that Turkey had condemned Israel’s attacks on Iran and had stood by Iran during the crisis.” Foreign Trade ”

Addressing the currency market, Saadat explained that since the beginning of the recent conflict, the national currency’s exchange rate had increased by only about 10 percent. He stressed that higher production and exports would bring in more foreign currency, giving the Central Bank greater flexibility to manage the market.

Producers, Saadat said, consistently seek exchange rate stability to better plan their production strategies. “They have turned threats into a major opportunity to keep the wheels of production moving faster,” he added.

In conclusion, Saadat emphasized that the country’s foreign exchange reserves are in good shape. With rising oil prices and export growth, reserves are expected to increase further, which will, in turn, make it easier to manage the currency market and curb volatility.