IMF: Iran’s Forex reserves to plunge by $300 mln this year
Baku, Azerbaijan, Apr. 26
By Fatih Karimov - Trend:
Iran's foreign-exchange reserves will fall by $300 million this year, the International Monetary Fund (IMF) forecasted.
The fund said Apr. 25 that the country's foreign exchange reserves will be accounted for $125.9 billion in 2016, compared to $125.6 billion in 2015.
Iran's Forex reserves stood at $111.6 billion in 2014.
The country's liquidity will register a 15.7 percent growth in current year, and 14.9 percent in 2017, the international organization forecasted.
Iran's liquidity grew by 14.5 percent in 2015.
The IMF foresees that Tehran's exports in 2016 will be amounted to $74 billion. The country exported $71.04 billion worth of goods abroad in 2015.
Meanwhile the Islamic Republic's imports will hit $79.7 billion in 2016 compared to $72.1 billion worth of imports in last year.
The country's foreign debts will be amounted to 2.2 and 2.9 percent of GDP in 2016 and 2017 respectively, the IMF forecasted.
The figure was equal to 1.6 percent of the GDP in 2015.
The organization also put Iran's inflation rate at 12 percent in 2015, forecasting that the figure will fall to 8.9 percent this year.
Iran's inflation is forecasted to stand at 8.2 percent by 2017, according to the IMF.