According to the international body, despite the U.S. efforts to pressure Iran’s economy, the country’s foreign exchange reserves in 2019 will remain above $100 billion, and Iran will keep its position in the region.
The IMF sees Iran’s gross official reserves at $103.2 billion in 2019, falling $5.1 billion compared to 2018.
The data presented puts the total foreign exchange reserves of the region at $1148.6 billion, nine percent of which is Iran’s share.
The foreign reserves of some other countries in the region include Algeria $55.6 billion, Bahrain $2 billion, Iraq $53.2 billion, Kuwait $37.2 billion, Libya $77.7 billion, Oman $16.1 billion, Afghanistan $8.4 billion and Pakistan $10 billion.
In its previous Regional Economic Outlook titled “Regional Economic Outlook Update: Middle East, North Africa, Afghanistan, and Pakistan” IMF predicted that Iran’s gross official reserves would reach $108.4 billion in 2018.
- source : Tehrantimes
