Economy Minister: Extensive Plans Underway to Compensate War Damages

The Minister of Economic Affairs and Finance confirmed that banking, insurance, and customs services continued uninterrupted during the recent war, adding that the Ministry has implemented comprehensive measures to support citizens, businesses, and financial markets.

On June 13, 2025, Iran came under an armed terrorist attack by Israel. The nighttime assault resulted in the martyrdom of several Iranian military commanders and nuclear scientists. The conflict lasted 12 days, claiming many civilian lives as well.

Despite the war, Iran’s economic conditions remained stable and resilient, avoiding the severe shocks typically expected in wartime economies.

According to Shada, Seyed Ali Madanizadeh reported on the Ministry’s wartime performance during a meeting with the Plan and Budget Commission in the Parliament. "From the outset of this conflict, we prioritized defense measures—most critically, maintaining public services. Banking, insurance, and customs operations never ceased," he stated.

The Minister highlighted efforts to counter cyberattacks and secure data: "We fortified servers for the Tax and Customs Organizations and cleared vulnerable shipments from customs."

Madanizadeh also announced the creation of a Compensation Fund, revealing that a support package for guilds, large industries, and SMEs is nearing final approval. "Stabilizing financial markets and the banking system remains a top priority for the Ministry," he added.

News ID 614098