Iran: €22 Billion Allocated for Essential Imports in 9 Months

Close to €22 billion was allocated by the Central Bank of Iran for import of essential goods during the first nine months of the current fiscal (March 21- December 21).

According to the CBI website, in a meeting attended by senior officials of the bank and members of Iran Chamber of Commerce, it was announced that €7 billion was sold to importers via Nima (a local acronym for the integrated forex deals system) during the period.

Gholam Reza Panahi, the CBI deputy for forex affairs, said the allocation of currency indicates CBI support for both importers and exporters.