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Iranian Central Bank recaps funds provided for product import

GenevaTimes by GenevaTimes
March 31, 2025
in Europe
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Iranian Central Bank recaps funds provided for product import
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BAKU, Azerbaijan, March 31. The Central Bank of
Iran (CBI) provided foreign currency worth $66.8 billion for the
supply of various types of products during the last Iranian year
(from March 20, 2024, through March 20, 2025).

Data obtained by Trend from the CBI shows that foreign currency worth
about $14.2 billion was provided for the import of essential
products and medicines.

Thus, $11 billion was provided for the import of essential and
agricultural products (wheat, oilseeds, animal feed, etc.), and
$3.15 billion was provided for the import of medicines and medical
supplies.

A foreign currency provision worth $51.3 billion was provided
for the import of commercial and other products.

In addition, $1.28 billion was provided for various
services.




To note, in 11 months, Iran imported 35 million tons of products
worth $63.6 billion. Product imports increased by 5.6 percent in
value and decreased by 2.6 percent in weight compared to the same
period last year.

—

Follow the author on X: @BaghishovElnur



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