Interview with Mohammad Hossein Adib

What is the currency situation of the country?
Ninety percent of Iran's non-oil exports are actually exports of energy derivatives priced with oil, and oil prices are double the first quarter of the year, so the inflow of foreign exchange from exports to the economy is twice as much as this spring.

What is the status of banking sanctions?
Adib: The cost of transferring money to transfer export earnings is close to zero, which means that in practice the transfer of resources from exports is as low as possible. Money transfers are completely different from two months ago

What is the status of the embargo on Iran's export goods?
Adib: According to the head of the Central Bank, $ 150 million of Nimai currency is offered in the market daily. The $ 150 million supply of half the currency proves that when oil is 60 barrels, the evidence is that if the price of oil, like in Ahmadinejad's era, was $ 105, $ 300 million in half a day would be offered to the market. That sanctions will not be implemented in practice, unless Iran can be sanctioned and $ 150 million of Nimai currency is offered to the market daily

What about sanctions against sectors such as steel and petrochemicals?
Adib: A factory that I will not name, all kinds of sanctions have been imposed on it and its export is normal, and its stock price is on the stock exchange, and the rest is more or less the same.

How do you see the government budget deficit?
Adib: Banks were required to buy three percent of their deposits in bonds, and the funds needed to maintain fifty percent of their resources in the form of bonds, and the funds have resources of 450,000 billion tomans. The government is not facing a budget deficit

How do you see the efficiency of the government?
Adib: We are not talking about government inefficiency. In government practice, there is no government. It is an ATM. It borrows and spends from banks and funds, pays 75% of the budget and the remaining 25% is not properly managed.