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  • 23-08-22

    IMF: Iran's accessible foreign currency assets surpass USD41b this year

    (MENAFN) Iran’s official accessible foreign currency reserves have surged considerably this year, recording over 94 percent increase to surpass USD41 billion, as reported by Tasnim News Agency on Sunday, referring to figures issued by the International Monetary Fund (IMF).

    The Islamic Republic’s gross official reserves are forecast to rise by nearly USD20 billion from USD21.3 billion last year to amount to USD41.4 billion this year, the IMF figures indicated.

    The IMF put Iran’s foreign currency reserves at around USD15 billion 3 years ago, 1 year after previous U.S. leader Donald Trump started a “maximum pressure” movement on Iran by forcing “toughest ever” restrictions.

    It was an affected fall from the data in the year before when Iran’s reserves were at USD122.5 billion.

    The international financial institution accused the nosedive on U.S. one-sided restrictions, which blocked Iran’s access to its foreign funds.

    As reported by Tasnim, the decrease extended two years ago to reach USD12.4, the worst in 18 years.

    MENAFN23082022000045014228ID1104739588

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