News ID: 318556
Published: 0425 GMT December 07, 2021

Raeisi: Some seeking to raise forex rates concurrent with Vienna talks

Raeisi: Some seeking to raise forex rates concurrent with Vienna talks
Iranian President Seyyed Ebrahim Raeisi addresses students at Sharif University of Technology in Tehran on December 7, 2021.

National Desk

President Seyyed Ebrahim Raeisi said some are making desperate bids round-the-clock to, concurrent with the Iran-P4+1 talks in Vienna, raise foreign currency rates in the domestic market and tie the country’s economy to the fate of the negotiations and, thus, impose their demands on the people.

Raeisi made the remarks in an address to students at Sharif University of Technology in Tehran on Tuesday, saying the country’s intelligence organizations are doing the follow-ups on the issue, IRNA reported.

He added some of these individuals are making their bids from inside the country and some are pursuing their wicked targets through virtual or real spaces in other countries.

Dismissing concerns about a lack of foreign currency resources in Iran, the president described as favorable the country’s situation in this regard.

Despite U.S. sanctions and threats, he added, Iran’s oil sales are also favorable, noting that the country’s exports of crude and condensates have increased.

Iran signed the Joint Comprehensive Plan of Action (JCPOA) with the P5+1 in 2015. In 2018, however, the U.S. pulled out of the deal and reimposed its unilateral sanctions on the country in a bid to cripple its economy and bring the Islamic Republic to the negotiating table and hammer out a new deal.

Mainly targeting Iran’s oil and banking sectors, the sanctions failed to produce the result desired by the U.S. although pressuring Iranian people through leading to hikes in major foreign currencies’ prices in the domestic market.

Despite its initial promises in the aftermath of U.S. pullout, Europe has so far failed to safeguard Iran’s interests within the JCPOA framework. Disappointed at the E3 group’s – France, Britain and Germany – inaction in the face of Washington, Iran has taken a number of the retaliatory measures based on Paragraph 36 of the United Nations Security Council Resolution 2231, involving a phased reduction of its commitments under the deal, saying it will reverse its measures if the other parties fully fulfill their pledges.

The move prompted the other JCPOA signatories to undertake fresh diplomatic efforts to revive the deal, as part of which seven rounds of negotiations have been held between Iran and the remaining parties, namely China, Russia, France, Britain and Germany, in the Austrian capital since April.

Over the past few days after the seventh round of the Vienna talks ended without any definite result, the Iranian rial has fallen to its lowest ever rates against the US dollar in the unofficial market.

Raeisi stressed that Iran’s economy is in need of a surgery, giving the assurance that his administration is ready to do what it takes to organize the domestic financial system and improve people’s lives.

He added the administration will definitely inform people and businessmen if it decides to make any economic move.

The president emphasized that his administration will not allow any firm in the country to import goods that have domestic counterparts with the same quality.




Resource: IRNA
Security Key:
Captcha refresh
Page Generated in 0/0507 sec