The 57% devaluation of the national currency dealt a severe blow to the economy

The 57% devaluation of the national currency dealt a severe blow to the economy
  • 2021-04-03
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President of the Export Confederation of Iran: Last year we saw that the value of the national currency fell by an average of about 57%. Despite the fact that this reduction has dealt a severe blow to the Iranian economy, but in a sector that can be an opportunity anywhere in the world, namely exports; Again, we were facing a decline compared to the last two years.

According to the International Iranian Stone Exhibition, Mohammad Lahouti said about the situation of exports this year: "This year can be seen as a relatively different year than last year because the corona pandemic is somewhat controlled in the world and in Iran hopes to inject vaccine It is much higher than before, and according to the promises made, most of the priority ones will probably be vaccinated by early autumn. It should be noted that Corona imposed a lot of problems on us last year.

He continued: "Another point that should be considered about next year is the presidential election." Due to the change of government, part of the executive policies will change. The next government will come to power with more motivation and will start working with more power.

Lahouti added: "There are also rumors that the United States will return to Burjam." If the United States returns, the lifting of sanctions and the release of the country's foreign exchange resources are likely.

The head of the Iranian Export Confederation stated: "These factors will make us predict this year with better conditions than last year." But in the areas of domestic policy, foreign exchange policy and economic policy, if nothing special happens, we will still be dealing with last year's problems.

He noted: "Last year we saw that the value of the national currency fell by an average of 57%. Despite the fact that this reduction has dealt a severe blow to the Iranian economy, but in a sector that can be an opportunity anywhere in the world, namely exports; Again, compared to 1398, we were facing a decrease.

Criticizing the mismanagement last year, he said: "Of course, we should only take this issue into account as mismanagement and inefficiency. This has nothing to do with sanctions." Certainly if these policies are implemented this year and more attention is paid to the proposals of the private sector and economic actors; Avoid unnecessary distortions and strictures, and to the community of reputable exporters, producers and importers who have worked in the Iranian economy for decades, are well-known and committed, and show their interest in Iran. Facilitate foreign exchange commitment for exporters, agreements reached with the private sector at the end of last year and the adoption of Declaration 177, our exports can grow.

He added: "We hope that this will happen and that the opportunities that were created in previous years, especially last year, with the reduction of the national currency in the export sector, but we faced a negative growth in exports, will not be repeated." In addition, the new government and the lifting of sanctions can also help a lot to increase exports, strengthen the national currency and support production.

* ILNA