CBI reacts to French $15 billion credit line for Iran
Tehran, Iran, Sep.4
The credit line in the amount of $15 billion in exchange for oil purchases is part of Europe's efforts to halt the reduction of Iran's commitments to JCPOA, Governor of the Central Bank of Iran (CBI) Abdol Nasser Hemmati told Tasnim News Agency, Trend reports.
"The central bank has set up its own currency supply program apart from European offers. CBI has taken measures to allocate and supply currency for imports of basic commodities and other essential goods to the country as well as manage the foreign exchange market as planned,” the CBI governor added.
France has proposed offering Iran about $15 billion in credit lines until year-end, if Tehran comes back to full compliance with its 2015 nuclear deal, a move that hinges on Washington not blocking it, Western and Iranian sources said.
French Foreign Minister Jean-Yves le Drian said talks on the credit arrangement, which will be guaranteed by Iranian oil revenues, were continuing, but the U.S. approval will be crucial.