Chief banker rejects Iran's oil revenues fell in August
The Governor of the Central Bank of Iran (CBI) has denied speculations that the country’s oil export revenues fell in the calendar month to late August because of a war in June imposed by the Israeli regime.
Mohammad Reza Farzin said on Monday that the CBI’s supply of hard currency to importers has remained unchanged in recent weeks as he rejected reports that an alleged fall in oil export revenues had affected the lender’s ability to respond to demands in the Iranian import market.
“The currency resources resulting from Iran’s oil exports have not changed compared to the previous month, and we expect that these resources will not decline (in the coming months),” Farzin said while speaking in a meeting in the northwestern city of Tabriz, Press TV reported.
He also said that the government will continue to allocate heavily subsidized hard currency to the imports of basic goods and animal feed.