Iran Exported Goods Worth $41.37b Last Year
Iran Exported Goods Worth $41.37b Last Year
Head of Export Guarantee Fund of Iran (EGFI) says despite sanctions and restrictions on banking transactions, Iran exported goods worth $41.37b to 128 countries last year.

Iran Exported Goods Worth $41.37b Last Year

IRAN NEWS ECONOMIC DESK

TEHRAN – Head of Export Guarantee Fund of Iran (EGFI) says despite sanctions and restrictions on banking transactions, Iran exported goods worth $41.37b to 128 countries last year.

Speaking to ILNA, Afrouz Bahrami said that the fund is ready to play his role in the exports by guaranteeing the exporters’ loans.

On the exports condition this year, she said last year and despite sanctions and restrictions in international banking transactions, Iran exported goods worth $41.37b to 128 countries and the fund would do its best to at least keep this amount of exports.

Bahrami added that according to the World Bank forecast on world economies affected by the coronavirus and slump in oil price, Iran will suffer the least economic damage and drop in its exports, reiterating that it does not mean that Iran’s economy would not be affected by the virus but its impact will be lower comparing to other states.

She added that in order to reach the set target for exports, this trend in exports should be kept. She noted that access to financial resources should be eased if the country wants to boost exports because exporters need financial resources for developing the exports.

Bahrami added that increasing the capital of the fund can help exporters, adding that the amount of money in the fund is some $120m and if the fund is to help the exporters in the current sanctions era, it needs more capital to cover the exports.

She added that due to efforts of deputy industry minister, the budget of the fund will increase by 100m euro this year but this figure is also insignificant.