25 August 2014 - 16:07
  • News Code: 223468
Frozen Assets: Treasury for Future

TEHRAN August 25 (Shana)--Even though economic sanctions have deprived the country off instant access to its oil revenues there is no doubt that these assets will be stored as a treasury outside the country and will play a positive role in boosting production in the future.

Abbas Ghosaee who is an economic expert made the remarks in an interview with Shana adding Rouhani government has been able to bring calm to the market.

He noted that the current government more or less has been able to fix foreign exchange rate.

Solving the existing challenges in the business environment, removing obstacles in the way of boosting production and presenting a bill to the Parliament with the goal of getting out of current stagnation are among the useful activities of the current administration over the a year it has taken office since August last year.  

Ghosaee said economic initiatives taken by the government especially non-inflationary bill presented to the Parliament for getting out of recession could result in boosting production activities and lower the level of inflation.

Frozen assets abroad are good financial support for the government and could be useful for stimulating economic activities and boosting production in the future, the expert concluded.

News Code 223468

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