He further mentioned the government’s policies for encouraging domestic production, saying that “Fortunately, replacing imports with domestic production and consequently eliminating unnecessary commodities from the market has led to a balance in the currency market.”

He also underlined the significance of the CBI’s new policies in organizing the forex market and noted that the central bank’s decisions in moving towards stabilization of this market and formation of the integrated forex market has been an important positive sign for the country’s economy.

Pour-Ebrahimi went on mentioning Iran’s decision in taking new steps in reducing the country’s obligations to the Joint Comprehensive Plan of Action (JCPOA) and said a new atmosphere has emerged in the country in the face of sanctions, in particular, the Supreme National Security Council decision in reducing the country’s adherence to JCPOA in order to address economic demands, has made it clear for Europeans that they need to take action.

“I believe Iran now has the upper hand in the economic negotiations with the Europe and the chances of positive economic circumstances in the future are getting higher,” he said.
“Lack of compliance to the U.S. sanctions by countries such as Russia, China and Turkey, has led to a breakthrough from the sanctions and a sign of their failure,” he added.

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“The Europeans had promised to implement this financial mechanism by the end of 2018. Unfortunately, they did not fulfil their promise,” he told the Mehr news agency on Sunday.

He noted that the Europeans have said that they will implement the SPV in future weeks, however, the U.S. is exerting pressure on them to prevent its implementation.

It is unacceptable if Europe refrains to fulfil its commitments because of the U.S. pressure, he added.

SPV is a European Union’s initiative intended to protect trade with Iran against newly reimposed U.S. sanctions.

President Donald Trump withdrew the U.S. unilaterally from the 2015 nuclear deal in May and ordered sanctions against Iran. The first round of sanctions went into force on August 6 and the second round, which targets Iran’s oil exports and banks, were snapped back on November 4.

In an interview with the European Council on Foreign Relations published on Friday, European Union foreign policy chief Federica Mogherini said that the United States cannot impose its policies on the 28-nation bloc’s legitimate trade relations with Iran.

“We Europeans cannot accept that a foreign power – even our closest friend and ally – makes decisions over our legitimate trade with another country,” Mogherini said.

She added that the EU is working with the rest of the international community to keep alive the landmark nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA).

The Iran nuclear deal “has so far been implemented in full, as certified by the International Atomic Energy Agency in 13 consecutive reports,” she explained.

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Mohammadreza Pourebrahimi said members of the parliamentary committee held a meeting in Tehran earlier in the day, which was attended by Economy Minister Farhad Dejpasand and some banking officials, Tasnim reported.

“The formation of the anti-sanctions office in the Economy Ministry with the aim of monitoring the Americans’ measures in the banking sector and moves to strengthen banking system was discussed at the meeting,” he said.

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