Iran discloses amount of funds allocated for import of products
BAKU, Azerbaijan, Feb. 17
By Elnur Baghishov - Trend:
Despite the US pressure on Iran, Iran allocated $35.5 billion to import necessary products during the first 11 months of this Iranian year (from March 21, 2019 through February 19, 2020), Director General of the Central Bank of Iran Abdulnasser Hemmati said.
“Some $14 billion out of $35.5 billion account for essential products, namely, medicines, medical equipment and animal feed,” Hemmati added, Trend reports referring to the Iranian Central Bank's website.
“Moreover, the revenues worth $22 billion from the export of goods were returned to the Iranian economy during the reporting period,” the director general said.
"About 30 percent of these funds are spent on import of goods by businessmen working under the control of the Iranian Central Bank," Hemmati said.
According to the Iranian Customs Administration, trade turnover for the first 10 months exceeded $72 billion. During the reporting period, Iran exported 115 million tons of non-oil products worth more than $35.5 billion and imported 28.6 million tons of products worth more than $36 billion.