Western sanctions make Iran's economy "more dynamic": minister

Source : Xinhua

TEHRAN, April 23 (Xinhua) -- Western sanctions against Iran have made the country's economy more dynamic, an Iranian minister said Tuesday.

The sanctions not only failed to cripple Iran's economy, but also helped it become more dynamic, Tehran Times daily quoted Minister of Economic Affairs and Finance, Shamseddin Hosseini, as saying.

The West has made a "miscalculation" by imposing sanctions on the Islamic republic, Press TV quoted him as saying at the same time.

Iran is under the West's substantive sanction pressures, especially on its oil industry, oil exports and financial system, due to its controversial nuclear program.

On Sunday, President Mahmoud Ahmadinejad said Western sanctions against Iran serve psychological purposes rather than being a measure of effective use.

"Enemies of Iran try to block the nation's progress and they have waged a massive psychological war (on the country)," Ahmadinejad was quoted by Fars news agency as saying.

Meanwhile, Iranian officials have reiterated that the country has made "great advancements" under Western sanctions.