Iran will significantly increase foreign currency allocations from Saturday after improved access to foreign assets and the recent easing of restrictions on oil exports, Central Bank Governor Abdolnasser Hemmati says, Reuters reports citing Iran’s Nournews.
An interim deal signed last week between Tehran and Washington mandates the US to issue temporary waivers for the export of Iranian energy products and to improve Iran’s access to its frozen assets abroad.
Hemmati says the bank will channel part of its strengthened reserves into the economy, with an initial $2 billion to be made available on Saturday for the industrial sector, which would help control inflation and facilitate the import of essential goods.
