Currency Flow into Iran Rising: Top Banker
TEHRAN (Tasnim) – The process of repatriation of foreign currency earned from the export of Iranian commodities has improved, resulting in relative stability in the currency market, the governor of the Central Bank of Iran said.
In an interview with ICANA on Sunday, Ali Salehabadi said Iran’s currency incomes and the flow of currency earned from the exports into the domestic trade chain have improved compared to the past.
“The inflow of currency into the country is a positive point, and we will definitely proceed with such a policy,” he noted,
Hailing the “relative stability” of the currency market in Iran, Salehabadi said the Central Bank of Iran seriously pursues plans to repatriate currency from the non-oil exports.
The top banker said the currency generated from the exports of oil, natural gas and gas condensates is also being supplied to the domestic market.
Days after taking office in August, Iranian President Ebrahim Raisi emphasized the necessity for the removal of obstacles to the activities of Iranian exporters, saying plans must be formulated to eliminate the barriers and provide motivation for the enhancement of exports.
In an address in February 2020, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei stressed the need to stop the Iranian economy’s dependence on oil incomes, saying, “I saw in reports that they (in the West) recommend preventing Iran from achieving a non-oil economy. Among themselves, it is said that they should not let Iran experience a non-oil economy. (They recommend that they should) develop a secret means - if they don’t want to remove the sanctions - to find a way to prevent Iran from becoming completely independent (of oil exports); because, if Iran becomes independent, it will develop a non-oil economy.”