News and Views
- In a national television interview, President Rouhani talked about the special economic package aiming to increase demand and the removal of credit shortages. Such policies have been announced as a result of recession deepening in the economy with the aim of adopting more influential strategies in the second half of the current year. He predicted that the process of lifting sanctions will start within a few weeks after the JCPOA implementation and its results will be seen early in the following year. Regarding the issue of foreign investment, he also stressed out that joint ventures are required to move the economy forward. However, he insisted that the government will continue its support to the Iranian business people and commercial activists, relying more on expansionary policies. Referring to the fact that the exchange market is not controlled by the government, he expressed hopes about the capital market’s bright prospect in the near future, promising the government support by removing the existing barriers and obstacles ahead of industries.