{"id":2877,"date":"2014-10-15T11:01:23","date_gmt":"2014-10-15T11:01:23","guid":{"rendered":"http:\/\/en.azpar.com\/?p=2877"},"modified":"2018-01-15T09:13:28","modified_gmt":"2018-01-15T09:13:28","slug":"2877","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=2877","title":{"rendered":"Economy Growing Despite Sanctions"},"content":{"rendered":"

Iran\u2019s economy should continue to grow even if the US-led sanctions remain in place, the central bank governor has said.<\/span>
The economy is projected to grow by 3 percent this year, Valiollah Seif, governor of the Central Bank of Iran, said in an interview in Washington, adding that the economic situation is already on the mend.<\/span>
The P5+1 group of major world powers are negotiating a \u2018permanent\u2019 deal that would see Iran curb its nuclear program in exchange for looser economic sanctions. A senior member of Iran\u2019s negotiating team said on Sunday that talks may be extended again if the agreement is not reached on the November 24 deadline.<\/span>
\u00a0<\/span>
\u201cOur current economic policy is based on the fact the sanctions will remain in place, so this is a given assumption,\u201d Seif said. \u201cObviously, if sanctions are removed, we would experience much better results.\u201d<\/span>
In its recent World Economic Outlook, the International Monetary Fund has projected that Iran\u2019s economy will grow 1.5 percent this year, followed by a 2.3 percent growth in 2015.<\/span>
The CBI is targeting an inflation rate of 17 percent this year and 14 percent in 2015. By 2016, the bank hopes price growth will fall to the single-digit range, said Seif. The Washington-based lender expects Iranian inflation to average 23 percent this year and 22 percent in 2015.<\/span>
Last week, Minister of Economy Ali Tayebnia said inflation is likely to fall below 20% by March 2015, down from slightly more than 20% now.<\/span>
Inflation hit 40% last summer but it later fell down to 34.7% at the end of last fiscal year (March 20, 2014) thanks to the Rouhani administration\u2019s monetary policy and its interim nuclear deal with the P5+1, which eased sanctions against Iran\u2019s economy.<\/span>
Asked about his expectations from the ongoing talks over Iran\u2019s nuclear program, Seif said, \u201cThis is a question for the diplomats. Bankers plan for the worst, and hope for the best.\u201d<\/span><\/p>\n

Tuesday, October 14<\/span><\/p>\n

source:<\/span><\/div>\n
2014,\u00a0Economy Growing Despite Sanctions\u2019,\u00a0financialtribunedaily, Tuesday,\u00a0October 14<\/em>, p.1,<http:\/\/www.financialtribunedaily.com\/\/<\/span><\/a>><\/em><\/em><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

Iran\u2019s economy should continue to grow even if the US-led sanctions remain in place, the central bank governor has said.The economy is projected to grow by 3 percent this year, Valiollah Seif, governor of the Central Bank of Iran, said in an interview in Washington, adding that the economic situation is already on the mend.The […]<\/p>\n","protected":false},"author":1,"featured_media":2880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-2877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/2877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2877"}],"version-history":[{"count":5,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/2877\/revisions"}],"predecessor-version":[{"id":4049,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/2877\/revisions\/4049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/2880"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}