A request to repay $2.5 billion of Iran’s forex debt out of the Forex Surplus Fund has been presented to the Cabinet by the Central Bank of Iran (CBI), Deputy Governor for Foreign Currency of the CBI, Jafar Mojarrad stated.

Mr. Mojarrad added that one of the biggest challenges for CBI is to reach a real forex through the utilization of market mechanisms.

Mehdi Asali, Head of Microeconomics Division of the Management and Planning Organization (MPO) mentioned the budget deficit as the main obstacle of the unification of the forex rate.

Source: Payvand News
Tuesday, 12 June 2001