TEHRAN - The governor of the Central Bank of Iran (CBI) says the country has plans to work independently from the European Instrument in Support of Trade Exchanges (INSTEX), which has so far failed to help Iran reap the benefits of the Iran nuclear deal in the face of the US bans.
In recent months, the International Monetary Fund (IMF) has released three official reports on Iran’s economy. In one of them, the IMF has pointed to Iran’s forex revenues from oil or non-oil exports which are reserved in the Central Bank or the National Fund, and in its biannual report “Economic Outlook of the Middle East, North Africa, Afghanistan and Pakistan (MENAP)” has claimed that Iran’s forex reserves exceeded $108b by the end of 2018.
Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said on Friday that the country should maintain its limited banking ties with foreign banks.
TEHRAN – The Governor of the Central Bank says the condition of foreign exchanges (forex) in the country is favorable and people should not have any concern. IRAN NEWS ECONOMIC DESK During his one-day visit to Kurdestan Province, Abdolnasser Hemmati met a task force group on resistance economy and reviewed the latest developments in the […]