EghtesadOnline: The Central Bank of Iran said the total number of letters of credit opened for imports during the first quarter of the year to June 21 amounted to 3,447 that were worth $3 billion.

EghtesadOnline: The National Development Fund of Iran–the main sovereign wealth fund– has announced that it has recorded a year-on-year increase of “50% plus” in opening letters of credit during the previous fiscal year that ended in March.