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Iran illuminates scope of funds allocated for product imports

Iran Materials 30 October 2024 16:57 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, October 30. The funds allocated to Iran for the import and export of necessary products, medicines, and commercial products amounted to $40.9 billion from March 20 through October 29, 2024, Trend reports via Iran's Central Bank.

The funds allocated for the import of necessary products and medicines to Iran amounted to $8.81 billion during the mentioned period. Thus, the funds allocated for wheat, oilseeds, and animal feed amounted to $6.93 billion, and the funds allocated for medicines and medical products totaled $1.89 billion.

At that time, the funds allocated for imports of marketable products stood at $31.5 billion.

To note, the collateralization of foreign currency related to imports to Iran is handled by the Center for Currency and Gold established by Iran's Central Bank.

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