News ID: 317175
Published: 0335 GMT October 17, 2021

Iran’s economy to cut dependency on dollar: Minister

Iran’s economy to cut dependency on dollar: Minister

Iran has plans to free its economy from dependence on the dollar, announced Iranian Minister of Industry, Mine and Trade Seyyed Reza Fatemi Amin on Sunday.

For example, 40 percent of the price of a car is related to parts that are produced domestically, he said adding that its price depends on the dollar, and the country must cut this relationship with the dollar, IRNA reported.

"We need to expand international trade," the minister said noting that Iran needs to be in the right place in the global supply chain.

He explained that Iran should be able to export, for example, rice from Pakistan to Iraq or home appliances to Arab countries.

"We aim to attain 12 percent growth in the industry and mining sector for next [Iranian] year, which is actually possible by using domestic capacities."

Iran should not export goods that most countries can also export, he added,  it should provide the necessary infrastructure for the export of goods with more added value.

“Sanctions are easy to resolve, the Trade Promotion Organization of Iran will make all efforts to pave the ground for exporters,” the minister said.

Stating that Iran has no technical and technological problem for economic development, he said: "There is no technological challenge, and we have no problem with providing resources."



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