Forex Reserves Sufficient for Imports, CBI Chief Says

EghtesdaOnline: The Governor of Central Bank of Iran Ali Salehabadi says the CBI has enough foreign currency to pay for imports.

News ID: ۷۵۱۸۸۲

16 September 2022

Almost $26 billion was given for imports from the beginning of current fiscal year [March 20] up until last month [August 22],” he was quoted as saying by the CBI website.

Forex was made available mainly in the form of hawala sourced largely from proceeds brought into the country by exporters, Salehabadi said.