Code: 381479 A

Chief of Central Bank of Iran Valiollah Seif on Wednesday hailed the outcome of Joint Comprehensive Plan of Action (nuclear deal) in the banking sector, but he called on other party to fulfill all commitments.

Speaking in a local ceremony, he noted that JCPOA is a big achievement, but Iran has yet to exploit all the potential of the nuclear deal.

Iran should continue efforts to force other parties to fulfill their commitments enshrined in the JCPOA, Seif said.

Referring to the lower cost of currency exchange for Iranian financial institutions, he voiced hope for improvement of Iran's global banking ties.

Elaborating on inflation control measures taken by the CBI, he said that the inflation will decrease to a single digit rate by the next month.

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JCPOA nuclear deal Iran Central Bank
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