Iranian banker: $12B provided for import of essential products
Baku, Azerbaijan, July 15
By Elnur Baghishov - Trend:
Despite all the restrictions and pressure, Iran has provided $12 billion through the Central Bank of Iran (CBI) since the beginning of this Iranian year (started March 21, 2019) for the import of the essential products, CBI Governor Abdolnaser Hemmati said, Trend reports with reference to IRNA.
He said that despite the US sanctions, the CBI has managed to control the foreign exchange rate this year.
He added that stability has now emerged in the foreign exchange market and there are no problems.
“The CBI cannot satisfy all currency needs,” he said. “The task of the CBI is to protect the value of the national currency and prevent the rise in inflation.”
Commenting on Iran’s oil sales, he noted that according to recent reports, Iran’s oil sales are gradually increasing, and the process of foreign currency’s entering into the country has also been simplified.
The US imposed sanctions on Iran in November 2018. As a result, it became difficult for Iran to sell its oil and bring the foreign currency obtained from the oil sales to the country.