Iran is less squeezed by the low price of oil than other export-dependent nations because of budgetary moves away from energy, the country's president said.
Iranian President Hassan Rouhani said the budget for the current Iranian year, which started March 21, is the least dependent on oil revenue ever for the country.
Crude oil prices are robbing major exporters like Russia of revenue, though Iran's president said his country was largely shielded from those constraints.
"All oil exporting countries, even those who plotted for an oil price decline, are facing problems due to this issue and our problems might be even less than this group," he said.
Valiollah Seif, the governor of the Central Bank of Iran, said during a visit with German economic delegates that stability in the Iranian economy was a national priority aimed at drawing in more foreign investments.
"The Central Bank and the whole economic team of the government have both focused on this priority," he said in a statement.
The Central Bank last month said that, even with sanctions in place, the Iranian economy should witness some level of economic growth this year. Sanctions on Iranian oil exports and other parts of the economy resulted in an economic contraction of 5.8 percent in 2012-13. For fiscal year 2013-14, the World Bank estimates the Iranian economy contracted at an annual rate of 1.7 percent.
The Central Bank of Iran said growth could reach 2 percent if sanctions are lifted. Iran's president noted world powers are still working toward a June 30 deadline to reach a formal nuclear agreement that could ease sanctions pressure.
Iran is limited to exports of around 1 million barrels per day. Exports could double if sanctions are lifted.
