16 January 2022 - 14:33
  • News Code: 451962
Oil Sales Much Better than Before: CBI

TEHRAN (Shana) – The governor of the Central Bank of Iran (CBI) said, "The government's revenue from the sale of oil and its byproducts is a good source of government funding," adding currently sale of oil and petroleum products has been much better than the past.

Ali Salehabadi told a televised interview on Saturday evening that the country's economic status is such that the inflation rate is currently declining. “In recent months, we have seen more supply than demand in hard currency, and this calm in the market will affect inflation.”

He announced the country's economic growth rate in the first six months of the current calendar year, which began on March 21 at 3.3 percent, and added: "A large part of this figure is related to the first three months of the year and the second quarter of the year due to power outages we faced lower economic growth because production of the country was affected by power outage.”

Regarding the stability of the hard currency rate in next year's budget, he said: "Now the sale of oil and petroleum products is much better than in the past.”

News Code 451962

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