Young Journalists Club | Latest news of Iran and world

News ID: 5719
Iran » Iran
Publish Date: 16:53 - 10 December 2014
Tehran, YJC. Jahangiri has said that if oil prices get as low as $40 per barrel, the Iranian government will be able to handle the situation.


First Vice President Eshaq Jahangiri Speaking at a meeting in Hamedan on Tuesday asserted that a downward trend affecting oil prices is not going to make the Rouhani administration unable to do successfully in managing Iran's domestic affairs.

"Things are a bit different on the economic front. Since the beginning of the eleventh administration there were two problems, one of them was inflation and the other economic downturn. Thanks to the policies adopted, a large part of the problems were raised,” he said.

Jahangiri asserted that the government has devised special programs to lead the country out of recession, create jobs, and improve economic growth.

"The government also sent a collection of policies in the form of a bill to the Majlis. It is good news that the bill has been considered by the Majlis. The administration expects lawmakers pass those parts of the bill that relate to dealing with the recession, investment improvement, raising executive obstacles, and helping improve people’s livelihood,” he further said.

The lowering of oil prices is a political scheme by some countries, he asserted, adding "It is in no way accepted that the sudden fall of oil prices should be an economic issue based on demand and supply.”

He urged regional countries to refrain from doing acts that would damage relations and said "Even if oil prices get as low as $40, we are sure to manage the country well by relying on resistance economy and painstaking programming to lead the country out of inflation and recession.”

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