Iran to release $2bn in foreign currency after US deal
Iran's central bank will release $2 billion in foreign currency for the industrial sector from Saturday, following improved access to frozen assets abroad and an easing of restrictions on oil exports under an interim agreement with Washington.
Central Bank Governor Abdolnasser Hemmati said on Wednesday the bank would direct part of its strengthened reserves into the economy, with the allocation intended to help control inflation and support imports of essential goods.
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Muhammad Ali Bandial