Iran plans to inject more foreign currency into its economy following the agreement with the United States.

DUBAI, June 24 (Reuters) - Iran will significantly increase its foreign currency allocations from Saturday, following improved access to foreign assets and a recent easing of restrictions on oil exports, the Nour News website quoted Central Bank Governor Abdolnaser Hemmati as saying on Wednesday.

An interim agreement signed last week between Tehran and Washington stipulates that the United States will issue temporary exemptions for the export of Iranian energy products and improve Iran's access to its frozen assets abroad.

Hemmati said the bank would inject part of its reserves into the economy, making an initial $1 billion available on Saturday to the industrial sector, and would help control inflation and import essential goods.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.