Iran Press/Iran news: In an exclusive interview with Iran Press news agency on Tuesday, Mohammad Reza PourEbrahimi said: "The real value of the Rial, according to our calculations, should be much higher than the value of the Rial at the end of 2018 and the beginning of 2019. We do not accept the very low exchange rate for Rial, and the true value of the Rial is much higher."
In further remarks PourEbrahimi said: "The positive trade balance, meaning the value of exports exceeds the value of the imports, helped the Rial to gain some of its lost value. Also the excellent way the government managed imports into the country also helped. Moreover, boosting of Iran's exports has also helped Rial to gain value."
The Chairmen of the Majlis Economic Commission added: "Naturally, one of the things which greatly annoys Iran's enemies, particularly United States, is that our enemies want people to believe that the weakness of the Rial is to do with Iran's isolation from Europe and America, whereas of course when the national currency gains in value, this is bad news for the enemies, because their plans are scuppered. Our enemies don't want to see a balanced and realistic exchange rate for the Rial, because this shows the strengthening of the Iranian economy."
In further reamrks, PourEbrahimi said: "The government has done well in managing banking transactions, and we have a positive trade balance which is very important."
"Iran's economy is improving and value of the Rial is rising, bad news for our enemies who want to dash the hopes of the Iranian public, and to make them disappointed" PourEbrahimi added.
"The exchange rate [for the Rial] should be affected by economy indicators, not relations with US and Europe." 211/213
