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Italy ready to resolve Iran banking problems – Official

Business Materials 6 May 2018 16:09 (UTC +04:00)


Tehran, Iran, May 6

By Kamyar Eghbalnejad - Trend:

Iranian Government Spokesman and Head of Plan and Budget Organization Mohammad-Baqer Nobakht said the Central Bank of Italy has voiced readiness to resolve the country’s banking concerns.

“The Central Bank of Italy recently expressed readiness to help solve Iran’s baking problems,” Nobakht said on May 6 in a meeting with Croatia's Deputy Prime Minister and Economy Minister Martina Dalić in Tehran.

The International Monetary Fund (IMF) has seen a 4 percent real GDP growth for Iran in 2018, he added referring to the organization's recent regional report.

The IMF also predicted that Iran’s gross official reserves will reach $108.4 billion in 2018.

The report also sees a 23.8 percent increase in broad money growth this year, a slight increase from last year’s 23.5 percent.

The International Monetary Fund expects the value of Iran’s exports and imports of goods and services to increase by $20.8 billion and $11.7 billion respectively.

Iran exported $109.5 billion worth of goods and services during 2017 while the value of imports stood at $91.6 billion in that same time span.

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