BAKU, Azerbaijan, May 31. Iranian banks received more than $7.5 billion in connection with the country's exports of crude oil and petrochemicals, during the first two months of the current Iranian year (March 21 through May 21, 2022), Director General of the Central Bank of Iran (CBI), Ali Salehabadi said, Trend reports citing the bank’s website.
Salehabadi noted that this shows a significant increase compared to the same period last Iranian year.
“Meanwhile, in the first two months of last Iranian year, the country’s banks received $4.5 billion from Iran’s oil and petrochemical exports,” he added.
The director-general also pointed out that the purpose of the Central Bank of Iran is to create a balance in the foreign exchange market. In this regard, there is a cooperation between the CBI and related ministries on foreign exchange control. At the same time, the CBI is focusing on the organized foreign exchange market and increasing interest in exchanging foreign currency under the NIMA exchange rate.
“Over last Iranian year, more than $57 billion worth of foreign currency was provided for imports under the NIMA exchange rate, as well as through the organized foreign exchange market,” he said.
According to Salehabadi, both the Central Bank provides the currency needed to import goods into the country, and the country's non-oil exporters sell their foreign currency earnings to Iranian banks under the NIMA exchange rate.
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