Iran economy to take no hit after Trump’s JCPOA decision

TEHRAN, May 08 (MNA) – Governor of the Central Bank of Iran (CBI) Valiollah Seif said Tue. Trump’s decision on the nuclear deal will have no significant effect on the country’s economy.

Seif made the remark in response to a question about the CBI’s possible reaction to Washington’s decision on the JCPOA.

In a tweet last night, the US President Trump said he will announce his decision on the 2015 Iran nuclear deal on Tuesday, four days earlier than the expected deadline.

Trump’s decision to pull out of the nuclear deal, a multilateral agreement signed between Iran and the 5+1, will cancel the US’ commitment to extend sanctions waiver on Iran’s energy and banking system.

“At the moment, there is sufficient amount of foreign exchange to allocate to basic commodities, raw materials for factories, and household consumption needs,” Seif said. “Therefore, the US decision on the JCPOA will have no significant effect on our economy.”

About the government’s plans for reacting to Washington’s measures against the agreement, he said “the government is resolute to continue its own correct path and has various options on the table and will decide on the proper reaction according to what the Americans will do.”

“The country’s economy will continue following the path of its own structure, heedless of the decisions and measures taken by our enemies,” he stressed.

“Whatever the US decision may be, we see no need to take a particular decision or measure more than what we have already taken until now,” he added.

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