Tehran, Iran, March 15
By Mehdi Sepahvand - Trend:
Iran's shipping costs have dropped by 25 percent since economic sanctions on the country were lifted, the country's President Hassan Rouhani said.
The sanctions were lifted following the implementation of Iran's nuclear deal with world powers on January 16.
Regarding the banking transactions, Rouhani said that Iran used to pay at least 10 percent above normal fees for transferring money abroad, IRNA news agency reported March 15.
Speaking about his government's achievements, he said, that during the past year, Iran managed to reduce inflation despite the fact that many neighboring countries suffer great depreciation of their currencies.
Rouhani added that the point-to-point inflation in Iran was registered at 12 percent last month.
Point-to-point inflation is an Iranian-made term denoting inflation rate from one month to another.
"We have good conditions in the exchange market, as well as good foreign currency rates," the president went on to say.
The Rouhani administration faced an inflation rate of over 40 percent when it took office in 2013. In one year, it managed to lower the rate to below 15 percent.