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

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TOKYO, Oct 12 (Reuters) - Iran's finance minister said onFriday that despite sanctions imposed on the country by Westernnations, Iran's foreign exchange reserves are in a "goodposition".

Shamseddin Hosseini, Iran's minister of economic affairs andfinance, told reporters the government was taking steps to curbspeculative demand and other measures to combat a sharp declinein Iran's rial.

Hosseini was in Tokyo to attend meetings of theInternational 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