31 May 2022 - 12:20
  • News ID: 457642
CBI: Iran Receives $7.5b Oil Revenue in April, May

TEHRAN (Shana) -- The governor of the Central Bank of Iran (CBI) said in the first two months of the current calendar year, which began on March 21, over $7.5 billion has been received by Iran from the sale of crude oil and petrochemicals which is $3 billion higher than the same period last year.

Ali Salehabadi said on Monday: "CBI, as a government banker, bought oil-driven hard currency from the government in previous years and provided it to the government in Iranian rials, but in this year’s budget, in addition to the central bank, other banks are expected to supply government hard currency to the market. This action can control the monetary base.”

He added: "Last year in the Nima system, we also had a market of more than $57 billion in hard currency supply to supply commodities, and this figure has increased significantly compared to the same period last year."

Nima system is the Iranian central bank's currency trading system for importers and exporters.

The Governor of the Central Bank of Iran stated: “In the first two months of this year, in the field of oil and petrochemicals, more than 7.5 billion dollars was received from sales, which was 4.5 billion dollars in the first two months of the last calendar year.”

News ID 457642


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