October 12, 2012 / 6:25 AM / 5 years ago

Iran finmin: country's FX reserves are in good position

TOKYO, Oct 12 (Reuters) - Iran’s finance minister said on Friday that despite sanctions imposed on the country by Western nations, Iran’s foreign exchange reserves are in a “good position”.

Shamseddin Hosseini, Iran’s minister of economic affairs and finance, told reporters the government was taking steps to curb speculative demand and other measures to combat a sharp decline in Iran’s rial.

Hosseini was in Tokyo to attend meetings of the International Monetary Fund.

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