No one can save Iran's closed economy, even the Nobel laureates; Expert
“No one is able to fix Iran's closed economy; even the best economists and the Nobel laureates are unable to do save it,” a professor of economics Mahdi Pazouki told ILNA.
Speaking to ILNA news agency, the Iranian professor referred to re-blacklisting Iran and confirmed that now is the time for the Expediency Council to respond. Unfortunately, some believe that a wall should be built around Iran.
“If we are not a FATF partner, we cannot have a relation with our neighbors even with our business partners such as Turkey, Russia, and China.”
The Iranian professor added that in Iran some want to overthrow Iran's current government.
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati deplored a decision by the Paris-based Financial Action Task Force (FATF) to blacklist the Islamic Republic, saying the move would have no effect on the country’s foreign trade.
“This political and non-technical behavior has been going on since summer 2016 up to now,” the top banker added.
The professor of economics at Allameh Tabatabai University said in another interview that no intelligent economist considers the inflation rate in Iran at 150%, so, I think this talk is more of psychological warfare carried out by the enemies of Iran.
“Of course, I also believe that the inflation rate in Iran is now a two-digit number, but Hanke's method for calculating the inflation rate is completely wrong,” Pazouki added.
The FATF voted on Friday to keep Iran on its blacklist for failing to comply with international anti-terrorism financing norms, according to media reports.
Last October, Iran’s parliament approved four bills put forward by the government to meet standards set by the FATF.
FATF’s proponents have said the measure would smooth the path for Iran’s increased financial transactions with the rest of the world and help remove the country from investment blacklists.
Opponents, however, say membership in the FATF will only make the country vulnerable to outside meddling. They say Iran’s implementation of FATF standards so far has not only failed to attract investment, but it has also exposed various institutions to extraterritorial regulations and penalties.
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