Foreign exchange reserves, trade in favorable state: Chamber head
The Head of the Iran-Turkey Joint Chamber of Commerce expressed satisfaction with the country's foreign exchange reserves and trade situation despite the 12-day war imposed by the Zionist regime against Iran.
In an interview with IRNA on Friday, Mehrdad Saadat stated, "The country's foreign exchange reserves and trade situation are favorable," adding, "Contrary to the enemies' assumptions, this war created no problems for domestic production and trade."
Referring to the conflict, Saadat noted, "This transgressor war by the Zionist regime strengthened unity among the people, businesses, and the government."
"A robust sense of solidarity has emerged, enabling us to successfully navigate this period," he affirmed.
According to Saadat, "Over recent days, the private sector and producers remained committed to their duties and endeavored to increase production. This prevented additional pressure on different societal segments while shielding people from unemployment and financial crisis."
He highlighted that "some factories added extra shifts to swiftly meet public needs," emphasizing that "increased shifts and output demonstrate strengthened solidarity between citizens, economic actors, and the government."
The chamber head stressed that members of joint Iran-Turkey commerce chambers and other trade bodies "maintained production and trade continuity to safeguard the economic system from disruption."
Saadat further observed, "Increased production and exports generate foreign exchange revenue, granting the Central Bank of Iran greater flexibility in market management."
The economic actor concluded by emphasizing, "Foreign exchange reserves remain favorable. Rising goods exports and oil prices will further boost these reserves, facilitating foreign exchange market management and mitigating currency fluctuations."