News ID: 275901
Published: 0304 GMT October 25, 2020

Iranian crude, non-oil exports rising: CBI governor

Iranian crude, non-oil exports rising: CBI governor

The governor of the Central Bank of Iran said a growing trend in the export of crude and non-oil products in recent months has increased the supply of foreign currency needed for imports.

In a post on his Instagram page on Friday, Abdolnaser Hemmati said the CBI has managed to provide a sum of $18.5 billion over the past seven months despite the negative impacts of the coronavirus outbreak on oil prices and the export of non-oil products, reported Tasnim News Agency.

“The growing trend in the export of crude and oil products, coupled with the acceleration of non-oil products in recent months, has improved the conditions for supplying currency for imports,” he added.

He also noted that the Oil Ministry has devised plans to barter oil for basic commodities as part of efforts to raise the level of foreign trade.

In July, Iranian President Hassan Rouhani stressed the need to boost the export of non-oil products as a strategy to strengthen the economy, saying trade ties with neighboring countries is a main priority of his administration.


 

   
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