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FinancialNews
03-11-19
Survival of Iran's economy despite US sanctions
(MENAFN) The CBI governor noted that the construction sector has received new sanctions on imports and exports imposed by the US, adding that the US assisted by six regional states has sanctioned 25 individuals or entities, reported Fars News Agency.
In October, Hemmati stressed the stability in the country"s foreign exchange market and the recovery of the Iranian currency, rial, against the US dollar in recent months despite increased American pressure and sanctions.
He said despite the US administration"s policy of "maximum pressure" against the Islamic Republic, the Iranian rial has risen against the US dollar over the past months.
The top banking official also published a diagram showing the downward trend of the exchange rate comparing the US dollar to Iran"s national currency.
MENAFN0311201900450000ID1099213952
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