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Huge volumes of investments withdrawn from Iranian economy

Finance Materials 8 August 2020 13:09 (UTC +04:00)
Huge volumes of investments withdrawn from Iranian economy

BAKU, Azerbaijan, August 8

By Elnur Baghishov – Trend:

Investments worth $98.4 billion have been withdrawn from Iranian economy over the past nine years, Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari posted on his twitter page, Trend reports.

According to Khansari, this means that $11 billion investment was taken away every year.

Khansari added that the investment worth more than $19 billion deducted from the Iranian economy just three years ago (March 21, 2017 to March 21, 2018).

According to the statistics of the Central Bank of Iran, worth of $17.2 billion investment was deducted from the Iranian economy nine years ago (from March 21, 2011 to March 20, 2012), and $9.8 billion - eight years ago (from March 20, 2012 to March 21, 2013).

Furthermore, seven years ago (from March 21, 2013 to March 21, 2014) worth of $9.3 billion investment left the Iranian economy, while 6 years ago (from March 21, 2014 to March 21, 2015), $560 million was added to the Iranian economy, the statistics said.

The investment worth $2.5 billion left the Iranian economy five years ago (from March 21, 2015 to March 20, 2016), the same amount was withdrawn 4 years ago (from March 20, 2016 to March 21, 2017), and $19.3 billion were taken away 3 years ago (from March 21, 2017 to March 21, 2018).

The investment worth $16 billion left the Iranian economy 2 years ago (from March 21, 2018 to March 21, 2019), while $6.7 billion of investments were deducted last Iranian year (from March 21, 2019 to March 20, 2020).

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