Iran will increase the supply of foreign currency into its economy from Saturday, after gaining improved access to overseas assets and benefiting from a recent easing of restrictions on oil exports, Central Bank Governor Abdolnasser Hemmati said on Wednesday.
Speaking in comments carried by the Iranian news agency Nournews, Hemmati said the Central Bank would use part of its strengthened reserves to support domestic economic activity. The first allocation, worth $2 billion, is expected to be directed to the industrial sector.
The move follows an interim agreement signed last week between Tehran and Washington, under which the United States is required to issue temporary waivers for the export of Iranian energy products and improve Iran’s access to frozen assets held abroad.
Hemmati said the additional foreign currency would help support imports of essential goods and contribute to efforts to contain inflation, as Iran seeks to stabilise its economy after years of sanctions pressure and restricted access to international financial channels.
The announcement marks one of the first concrete economic steps by Tehran since the agreement, which has opened the way for limited sanctions relief while broader negotiations between the two sides continue.
Source: AMNA
