Iran’s Central Bank: Non-oil exports total $27B in 7 months

Business Materials 10 November 2018 16:30 (UTC +04:00)

Baku, Azerbaijan, Nov. 10

By Elnur Baghishov - Trend:

There are 16 frontier provinces in Iran, and increasing exports to 15 neighboring countries is the key priority of Iran’s economy in the current conditions, Director General of Iran’s Central Bank Abdolnaser Hemmati said, Fars News Agency reported.

He said that coordination between the Central Bank of Iran and the Ministry of Interior, Ministry of Industries, Mines and Trade and the Ministry of Agriculture Jihad is essential for managing export control in frontier provinces.

“Iran’s non-oil exports amounted to $27 billion in the first seven months of the current Iranian year (started March 21, 2018),” he noted. “There is a 13 percent increase over the same period last year.”

He said that $31 billion were provided for the import of goods and services in the seven months of the current year. More than $23 billion of this amount was provided by the Central Bank of Iran and $7 billion was provided by non-oil exporters through the NIMA (Integrated System for Hard Currency Transactions), he added.

He noted that $10 billion of the provided currency accounted for basic products, medicines and medical equipment.