Tehran (IP) - The Minister of Economy said that Iran activates new financial channels to neutralize imposed sanctions in interaction with neighboring countries

Iran PressIran news: Seyyed Ehsan Khandouzi, Minister of Economy and Finance, in a press conference on Tuesday and in response to the question of Iran Press correspondent, referring to the previous weakness in Iran’s financial system, said that alternative methods, both in payment and in financial banking messengers, are being processed and will be introduced soon.

According to Khandouzi, Iran's economic indicators in the first 9 months of this year, repeated stable growth and the economic growth reached 5.1% including oil, and 2.5% excluding oil.

The Minister of Economy and Finance pointed out that the growth of the oil sector this fall has reached 21.8% and said: The number was 10.8% in the last year. Two times the growth of oil compared to the fall of last year shows that the country has been very successful in facing sanctions.

He further stated: "Therefore, the economic growth of the first 9 months of the year is above 6%."

He emphasized that point-to-point inflation in the country has decreased by 2.7% to 35.8% at the end of February, which is a decrease compared to February last year. Point-to-point inflation in February this year has decreased by 19% compared to April.

In response to a question about next year's US elections and their effect on Iran's economy, Khandozi said: "Our effort is to ensure that our country's economy is not dependent on these facts and that is why we have strengthened our interactions with neighboring countries. It should be noted that the Economic negotiation with other countries needs to be in a strong economic situation."


Read more:

Podcast: Iran successfully bypass sanctions on ITC, online gaming

US announces fresh anti-Iran sanctions