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CBI governor: Iran too strong to be affected by US sanctions

Tehran, Feb 16, IRNA - Governor of the Central Bank of Iran Tahmasb Mazaheri said here Saturday that Iran is too strong and too great to get into in trouble as a result of financial restrictions the US has imposed on the country's banking system.

Mazaheri said on the sidelines of the 250th meeting of the Islamic Development Bank, "Though the US administration's hostility to the Iranian people has caused some troubles for the banking system, Iran is too strong to be affected by such restrictions."

He said Iran enjoys high capacity and potential and the world is also bigger and more capable than what the US expects.

He added that diversity of financial tools and methods indicate that the US administration's hostile actions cannot create any problem for Iranians.

He noted that Iranian economy has a high capacity and the Iranian people and private sector are highly intelligent and creative, so they can foil the hostile acts of the US.

He said Iranian private sector has taken interesting initiatives to repel the US hostile acts and solve possible problems caused by the sanctions.

Iran enjoys high economic growth despite US pressures

Iran's economic growth enjoyed remarkable stability despite mounting US pressures against the country, Minister of Finance and Economic Affairs Davoud Danesh-Jafari said on Saturday.

Addressing the 250th conference of the Islamic Development Bank (IDB) in Tehran, the minister said Tehran has moved towards a sustainable economic growth and promotion of national incomes by adopting proper policies and improvement of employment.

Danesh-Jafari stressed one of the major priorities of President Mahmoud Ahmadinejad's government was the completion of privatization trend in Iran which has currently become a national issue.

Referring to the rise in foreign investments in Iran last year (March 20, 2006-March 20, 2007), the minister said, during the period dlrs 10.27bn in foreign investments were attracted to the country through 80 different economic projects.

Referring to IDB's major role in promoting its member states' economic growth, Danesh-Jafari said the Islamic body was acting like a "powerful arm for development of Muslim states." The minister stressed that IDB could be the pioneer of development projects worldwide through adoption of appropriate policies.

The three-day IDB conference started here Saturday morning with the participation of officials from Iran's Ministry of Finance and Economic Affairs and Iran's Chamber of Commerce, Industries and Mines as well as representatives from the IDB member states.

... Payvand News - 02/16/08 ... --

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