News -Ahmedineejad - No problem even if oil hits zero - English

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President Mahmoud Ahmadinejad says even if the price of oil hits zero, Iran has enough foreign exchange reserves to last for 'three years'. “As far as the foreign exchange reserve is concerned, we are in good shape, and even if the price of oil hits zero, we can manage the country for about three years,” the Fars News Agency quoted Ahmadinejad as saying. “The foresight of the country's managers prevented Iran from being swallowed by the global economy, and this helped us because it decreased our susceptibility to the world financial crisis,” he said in a live TV address in Tehran on Tuesday. Ahmadinejad noted that the sanctions imposed on Iran and the Islamic Revolution's prioritization of self-sufficiency helped Iran become strong enough to withstand the “waves of the world economic crisis.” “We thank those countries that imposed sanctions on us because these sanctions helped Iran stand on its own two feet,” the Iranian president said

Added by news4you on 03-12-2008
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