Speaking to ILNA, Lahooti said that it is said exporters are happy with the rise in the value of dollar and devaluation of rial in recent days is not true and it is a mere accusation against exporters because exporters seek stability in the forex market and no exporter is happy with the sudden rise in the price of the dollar for his profit.

He added that unfortunately with the rise in the price of dollar in the market, the prices of the goods also soar but when the price of the dollar falls, one can see no fall in the price of the goods.

Lahooti added therefore, if the exporter sells his goods existing in his warehouse with higher prices due to the rise in the price of dollar, he will lose major part of his profits when he wants to provide raw material with higher prices. He noted that so exporters prefer stability in the forex market and they prefer the rise of forex price in accordance with the trend of the inflation and other economic variants, and they want no commanding on fixing the price of the forex.

He added that the artificial reducing the value of the dollar will lead to the fly of capitals and the purchase of the properties in the neighboring countries as well as the rise in smuggling goods into the country because of the cheaper price of the foreign goods.

Lahooti noted that for this reasons any exporter is opposed to the sudden slump of the forex price and it does not mean he is opposed to the national currency gain value because all wealth and assets of a producer and exporter is in national currency rial and definitely with strengthening the value of the national currency, purchase power of any Iranian will increase.

Reacting to the report of ministry of industry, mine and trade on the 80 percent rise in non-oil exports in the current year, Lahooti said that this rise is in comparison with the same period last year when the borders were closed due to the lockdown and therefore it is natural that we see such a rise but the non-oil exports have not increased so much in comparison to the pre-pandemic era.

He added if the country sees rise in the exports, it is because of the new regulations of the ministry and the central bank over the repatriation of the forex into the country as well as some new incentives.

Lahooti reiterated that sudden regulations will harm exports and stability in the regulations and easing the hurdles are major points for boosting the exports.

He noted that some issues like the FATF as well as the political grounds should be resolved for achieving the dreamy target of $250b exports.

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IRAN NEWS ECONOMIC DESK

TEHRAN – First Vice-President Eshaq Jahangiri yesterday urged the exporters to return forex earned from exports to the national economy.

Speaking at a ceremony marking the national Industry, Mine and Trade Day, Jahangiri felicitated the day, adding that the country is experiencing one of its toughest and critical era as it is challenging with the U.S. unilateral and cruel sanctions and the outbreak of Coronavirus.

He further said Americans thought they could make Iran economy collapse but the government changed its policies based on the condition and a wise politician should adopt policies to fit with conditions and the plots.

Jahangiri noted that currently, Iran’s policy is to resist against the pressures and to find mechanism to decrease pressure on the people.

He added that the 12th government under President Hassan Rouhani has created some 3.5 million jobs.

Pointing out that protecting the health of people and their livelihood is a top priority of the government, Jahangiri said that the government makes every effort to maintain the existing jobs during these tough times.

He said the Coronavirus has affected all economic, social, political and cultural sectors worldwide but Iranians have resisted against it proudly and will continue resistance.

He noted that foreign policy is determinant in the industrial and economic policies.

Jahangiri also called exporters as the soldiers of the economic war front line as they are involved in fighting against the Americans and should be praised.

He said need of forex is one of the pressures during the sanctions and coronavirus era, and provision of forex for the country while the pressures of sanctions on oil exports is high and it is on the shoulder of exporters.

He said the country expects exporters to return their forex earned through exports into the national economy.

He reiterated that industry sector shone during the Coronavirus pandemic era as the producers did miracle in four months by multiplying the products.

Jahangiri said the government has created 500,000 jobs per year despite restricted sources. He further said Iran is a rich country with abundant wealth and it is among ten countries in terms of its metal mines.

Meanwhile in a Monday evening meeting with members of the Iranian Chamber of Commerce, Jahangiri said the U.S. government had plans for economic collapse of Iran through harsh and targeted sanctions, but the plot has ended in total failure.

“By the grace of God and with resistance from the great Iranian nation and the determination of all officials and the private sector, the American objective resulted in failure,” the vice president added.

While the outbreak of coronavirus has dealt a heavy blow to the world’s major and large economies, the pandemic, coupled with the sanctions, has harmed Iran’s economy as well, Jahangiri noted, saying the Iranian economy has been able to withstand the pressures and is going to overcome the problems.

“What is important is that all of us would try to help the country get through such difficult stage with success,” he noted.

The vice president also praised the Iranian private sector, exporters and importers for serving the country’s economy, saying the administration is doing its utmost to support and empower the private sector.

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