Iran Press/Iran news: "Necessary programs have been devised for the purpose (banking reforms) and it will run the course gradually after obtaining relevant authorities consent," Abdolnasser Hemati wrote on his Instagram.
He said a group of economists, monetary and banking experts, CBI officials are involved in the project which is essential and vital regarding many intricacies and challenges on the way, IRNA reported.
Continued stabilization in the monetary market and protection of public accounts are the requisite for the reforms, he noted.
Recently, the US Treasury announced fresh sanctions on Iran, targeting Bank Mellat and Mehr Eqtesad Bank and some other Iranian banks and financial institutions.
The US is seeking to choke off Iran’s economy with expansive sanctions against the country’s oil industry that took effect in November.
On 12 December, Iranian President Hassan Rouhani said sanction is a form of economic and psychological warfare against Iran.
Speaking in a cabinet meeting, president Hassan Rouhani added, “Economic and psychological war are kinds of war and we cannot say that everything is OK.”
On May 8, US President Donald Trump pulled the US out of the Joint Comprehensive Plan of Action (JCPOA) reached between Tehran and the world powers in 2015.
Donald Trump’s decision to scrap the nuclear deal was sharply criticized by other signatories of the deal, who have pledged to uphold their side of the agreement. 101/202
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