Bloomberg News

Iran Has Designed One-Year Plan to Avert Sanctions, Donya Says

July 09, 2012

Iran’s president Mahmoud Ahmadinejad has designed a one-year plan to avert the effects of increasing sanctions against the nation, Donya-e-Eqtesad reported, citing a top official.

Ahmadinejad made the comments in a July 7 meeting when he gave a briefing on Iran’s economic situation to the Expediency Council, which has the final say in disputes on legislation, Mohsen Rezai, the council’s secretary said, according to the Tehran-based newspaper. The president participated along with the Central Bank governor, the oil, economy and finance, and industries, mines and commerce ministers, Donya said.

Western-led sanctions against Iran have created problems in the past 2 years and pressure has intensified in the last six months leading to “a drop in the foreign currency revenues,” “complications for banking transfers,” and “restrictions on ships that bring goods to Iran,” the government said, according to Rezai.

Details given speak of “a dastardly economic war against the country and its people,” Rezai was quoted as saying. The president and ministers said they disapprove of “high prices that are pressuring people” inside the country, he added, according to the report.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.


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