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Enemies failed in economic warfare, no concern about Iran’s forex reserves: Raeisi

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iranian President Ebrahim Raeisi visits Shah Abdol Azim shrine in Shahre-Ray, southern Tehran, on February 2, 2023. (Photo by Tasnim news agency)

Iranian President Ebrahim Raeisi says enemies have failed in their attempts to wage an economic warfare against the Islamic Republic, stressing there is no concern about the country’s foreign exchange reserves.

“You had a miscalculation. You are causing sedition in the issues of our region, our people know you well,” Raeisi said in a visit to Shah Abdol Azim shrine in Shahre-Ray, south of the capital, Tehran, on Thursday.

The Iranian president pointed to the volume of Iran’s oil exports and said, “Enemies thought they could stop our trade, but they failed, and today our trade has grown by 40-50%.”

Stressing that the Iranian nation will overcome the difficult economic situation through cooperation and perseverance, Raeisi said, “We have stated many times that there are no worries about foreign exchange reserves.”

The chief executive said European countries that were involved in a hybrid warfare and sanctions against the Iranian people “are sending a message that let's sit down and talk together, but “we believe that despite all hardships, the situation will progress in such a way that the problems will be fixed," he added.

“When the sanctions failed, they started a hybrid war, and all parties participated in it, and they thought they could stop our country, and they started [to stoke] sedition with all their strength and capacity, and they imagined they would achieve success, but they also faced defeat in the hybrid war," he noted.

Former US president Donald Trump unilaterally left the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), in May 2018 and re-imposed the anti-Iran sanctions that the deal had lifted. He placed additional sanctions on Iran under other pretexts not related to the nuclear case as part of his "maximum pressure" campaign.

The negotiations to salvage the JCPOA have been at a standstill since August 2022 due to Washington’s insistence on its hard-nosed position of not removing all the sanctions that were imposed on the Islamic Republic by the previous US administration.

Iran maintains it is necessary for the other side to offer some guarantees that they will remain committed to any agreement that is reached.

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