Thu Oct 29, 2020 17:58:21
فارسی | العربية | English

President at the session of Cabinet’s Economic Coordination Board:

Offering state-owned companies’ shares to in stock exchange to continue/ Gov’t seeks to accelerate implementation of agreements with regional countries/ We must do special planning to develop economic ties in various fields

At a meeting of the Cabinet’s Economic Coordination Board on Tuesday, the Governor of the Central Bank presented a report on efforts to use foreign exchange resources abroad, explaining his agreements with Iraqi officials during his visit to the country, and announced the use of foreign exchange resources in other countries and the useful achievements that have taken place in this regard.

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Tue 13 - October 2020 - 14:31

After the report of the Governor of the Central Bank, Dr Hassan Rouhani stressed the need for serious pursuit to access and use our country's blocked foreign exchange resources abroad, and said, "Although US sanctions have created difficult conditions for economic interactions, with the efforts made, the use of these resources is increasing and the allocation of resources to the consumption of basic goods and the production needs of the country will continue”.

During the meeting, Dr Mohammad Javad Zarif, Minister of Foreign Affairs, presented a report on his visit to China and meetings and agreements with Chinese officials in the field of financial and monetary exchanges and relations between the two countries in the field of maritime transport.

After the report, the President stated that the economic development of all countries is inextricably linked to economic diplomacy, adding, “At this stage, we should strengthen our cooperation priorities with China, the Eurasian countries and neighbours in different fields, from energy to technology, and make special plans for the development of economic relations”.

Rouhani pointed out that the government seeks to accelerate the implementation of agreements with regional countries, stating, “In this regard, the activation of joint economic commissions with target countries is necessary, and in the economic goals of trade with the East and neighbours, paying attention to export-driven policy should be a priority”.

The President also described the development of cooperation with the Eurasian Union as an economically very important step and said, "In addition to the production capacity and supply of imports of some of these countries, Iran can be a suitable route for transit of goods, considering being in the best transit position”.

In another part of his speech, the President emphasised the transfer of shares of government agencies as a sign of the government's determination to optimise the privatisation process in the country and assured that the program of offering shares of state-owned companies in the stock market will undoubtedly continue”.

Dr Rouhani stated, “The program of offering shares of state-owned companies in the stock market will continue in implementing the general policies of Article 44 of the Constitution and supporting the stock market”.

Dr Rouhani referred to the offering of shares in large petrochemical, refining, metal, banking, insurance, automotive and subsidiary companies as one of the concrete examples of this program, which is through direct offerings and Exchange Trade Funds (ETFs).

Following the Minister of Roads and Urban Development's report on the payment of coronavirus-related loans to air and rail companies, the President issued the necessary instructions to remove the obstacles and expedite and facilitate the payment of finances and loans.

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