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

Friday, 12 Oct 2012 | 2:25 AM ET

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.

(Reporting by Stanley White; Writing by Chris Gallagher; Editing by Edmund Klamann)

((chris.gallagher@thomsonreuters.com)(81-3-6441-1842))

Keywords: IMF ECONOMY/IRAN