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Iran's foreign exchange market is stable - official

Business Materials 30 December 2021 10:57 (UTC +04:00)
Iran's foreign exchange market is stable - official

TEHRAN, Iran, Dec.30

Trend:

Iran's export revenues are at proper state, and the foreign exchange market is stable, said Iranian government spokesman, Trend reports citing ILNA.

The oil sale and return of export revenue are in an acceptable state, and the government has no limitation for providing foreign currency, Ali Bahadori Jahromi noted.

The predicted export revenues in the budget bill for the next Iranian year (starts March 21, 2022) were based on the current situation. Although better conditions have been predicted for future revenues based on economic policies and cooperation with neighboring countries, he said during his weekly press conference.

The government does not plan to eliminate the official foreign currency rate of 42,000 rials per USD for importing medicine and wheat in a short-term plan, but the long-term policy would depend on budget decisions.

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