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EghtesadOnline: President Hassan Rouhani said on Monday that the first step taken by his government was restoring sustainable stability to financial and monetary markets.

Speaking at the annual meeting of Central Bank of Iran (CBI), the president said that the Western sanctions imposed on Iran had caused serious problems for Iranian banks, IRNA reported. 

“Today we are witnessing a single-digit inflation rate coupled with economic growth,” Rouhani said. 

This is for the first time since the 1979 Islamic Revolution that Iran is having both single-digit inflation rate and economic growth in the same year, the president added. 

He believed that the greatest achievement of his government was restoration of stability to the market. 

Hassan Rouhani CBI Central Bank of Iran Iran financial markets