State Bank Governor Dr. Reza Baqir said that he believed the country had the capacity and financial cushion to ride out rising external account pressures. The pressure is being ridden by a rise in global commodity prices. “What we have to ensure is that we have the capacity to sustain ourselves through it…I believe we do,” said Dr. Baqir in an interview.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

France, Germany renew alliance amid war in Ukraine

German Chancellor Olaf Scholz was in Paris for talks with French President…

Kuwait’s ruling emir Sheikh Nawaf dies at 86

Kuwait’s Emir Sheikh Nawaf al Ahmad al Sabah has died at age…

Palestine’s leader tells Trump ready to work for Gaza peace

Palestine’s President Mahmud Abbas has expressed readiness to work towards a “just…

Peru army to unblock roads controlled by protesters

The Peruvian government has said that police and soldiers would soon move…