Iran's CB: $3b in Subsidized Forex Allotted in 2 Months

The Central Bank of Iran supplied over $6 billion in foreign currency for importing goods in two months since the beginning of the current fiscal on March 21.

Financial Tribune- CBI Governor Abdolnasser Hemmati said Monday of this amount, $3 billion was allocated for importing essential goods and pharmaceuticals.
“This amount was for importing rice, vegetable oil, animal feedstock, medical equipment and pharmaceuticals,” the parliamentary news website ICANA quoted him as saying.
The government adopted the current subsidized currency plan for importing essential goods last spring in a move to curb the galloping prices for the basic goods triggered by the steep decline in value of the rial against the dollar.

Publish Date: May 22, 2019