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Central Bank of Iran allocates funds for import of essential products

Finance Materials 15 November 2021 09:24 (UTC +04:00)
Central Bank of Iran allocates funds for import of essential products

BAKU, Azerbaijan, Nov. 15

By Elnur Baghishov – Trend:

The Central Bank of Iran has allocated about $1 billion for the import of strategically essential products, head of the public relations department of the Central Bank of Iran (CBI), Mostafa Ghamari Vafa wrote on Twitter, Trend reports.

The official also added that the process of providing foreign currency for trade purposes in Iran continues.

Reportedly, about $3.5 billion of Iran's total assets frozen abroad have been released in recent days. The Iranian side did not declare from which country the funds were released.

In total, Iran's assets frozen in foreign countries are said to be around $50 billion. About 600-700 million pounds worth of Iran's assets have been frozen in Great Britain, about $8 billion in South Korea, $3 billion in Japan, $3 billion in the US, $6 billion in Iraq and $2 billion in Luxembourg.

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