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Iran reduces import of essential goods

Business Materials 1 October 2022 09:39 (UTC +04:00)
Iran reduces import of essential goods

TEHRAN, Iran, October 1. Iran has saved up to $2 billion by reducing the import of essential goods in the first half of the current Iranian year (started March 21,2022), spokesman of the Central Bank of Iran (CBI) Mostafa Ghamarivafa said, Trend reports citing IRNA.

"Statistics released by the Central Bank of Iran indicate that elimination of official foreign exchange rate for import of basic commodities have reduced the demands for import," he said.

Meanwhile, according to Ghamarivafa, the increase of prices on oil and oil products resulted in boost of export revenues.

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