Iran Economic Indicators Improve Despite US Sanctions: CBI Chief

The governor of the Central Bank of Iran (CBI) said that the country’s economic indexes have improved in spite of the sanctions imposed by the United States against Iran.

Speaking in a meeting with Director of the Middle East and Central Asia Department of the International Monetary Fund (IMF) Jihad Azour on Friday, Mohammad-Reza Farzin called for the IMF’s support for strengthening international banking programs.

Turning to Iran’s successful experience in the economic stability plan under tough sanctions, he welcomed strengthening cooperation between the IMF and Iran and called for the development of relations in all fields.

Farzin added that the country is of the first founders of the Fund and has always had a leading and prominent role in offering technical- financial assistance to low-income countries.

He put Iran’s current quota at the IMF at over $5 billion and said the country is authorized to use its resources at the Fund for investment purposes within the framework of SDR (Special Drawing Rights) allocation. - Tasnim