Iran's oil exports process improved
BAKU, Azerbaijan, September 20
By Elnur Baghishov – Trend:
The exports of Iran's oil and oil products have been improved, Director General of the Central Bank of Iran (CBI) Abdolnasser Hemmati said at a meeting with the director of Iranian banks, Trend reports citing CBI.
Hemmati emphasized that on the other hand, the process of exporters bringing the currency earned from exports to the country's economy has also improved.
According to the director general, these three factors (the sales of oil and oil products and the returning of currency earned from exports to the country economy) will have a positive impact on the Iranian economy.
He added that therefore, Iranian banks must continue the plan to transport foreign exchange reserves and spend them where they are intended.
Hemmati noted that Iran's consultations with some countries in the international arena, are bearing own fruit.
The US imposed new sanctions on Iran in November 2018. Over the past period, the sanctions affected Iranian oil exports, more than 700 banks, companies, and individuals.
As a result of US sanctions against Iran, Iran's oil exports have fallen to a minimum. There are different views on Iran's oil exports. As reported, Iran currently exports 300,000-500,000 barrels of oil per day.