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Iran’s economic growth rate highest in West Asia: CBI chief
Speaking at the Bank of Russia’s Financial Congress in the Russian port city of St. Petersburg on Thursday, Mohammad Reza Farzin noted that Iran registered a five-percent economic growth rate in 2023, which is higher than many countries, including neighboring and regional states, Press TV wrote.
He stressed that the figure puts Iran among the 10 countries in the world with the highest economic growth rate.
The Iranian central banker further noted that Iran managed to lower inflation by more than twofold last year, reducing it from 59% to 23%.
Farzin underlined that Iran is closely observing the international anti-money laundering law.
He also called for the creation of an intergovernmental organization within the framework of the BRICS group of emerging economies, similar to the Financial Action Task Force (FATF), to combat money laundering.
Farzin proposed that the BRICS bloc of economies create an alternative payment system to the SWIFT financial-messaging service.
Furthermore, Iran’s central bank governor called for more financial cooperation with
Russia.
The high-ranking officials of Iran and Russia are determined to use the local currencies in bilateral transactions, he said, adding that if Iran uses ruble, yuan, dirham and rial in transactions between Russia, Iran, China and other countries, a major barrier would be removed in bilateral trade.