Iran’s Minister of Economic Affairs and Finance Shamseddin Hosseini said here on Wednesday that the country’s basic goods reserves have grown significantly in recent months.
Speaking on the sidelines of a cabinet meeting in Tehran, Hosseini underlined the Government’s effective market-adjustment policies aimed at supporting a reliable supply of basic goods, noting that these policies have not been haphazardly adopted but preplanned and thoroughly studies since the start of the year. “Ministry of Agriculture has also proposed appropriate measures to guarantee the purchase of Iranian farmers’ crops in the next year and reassure the consumers of a stable supply of agricultural products to the market, and these measures are to be addressed in the upcoming Cabinet meetings,” the Government Spokesman for Economic Affairs added. Hosseini went on to point out that the Government would continue its foreign currency policies and the Central Bank (CBI) would maintain the supply of foreign exchange via the banking network.
“The special market which has started trading foreign currencies for a few days enjoys high capacities in meeting the market demands as the supply of hard foreign currency at this centre has significantly outweighed the demand side,” he noted. The new foreign exchange centre, which has been established under the supervision of CBI, allows importers of goods including truck tires, construction equipment and synthetic fibres to buy dollars at a rate 2 percent cheaper than the street rate at any given time.