28 Mar 2024
Monday 8 July 2019 - 00:12
Story Code : 353567

Non-oil exports can meet Irans foreign exchange demands


MNA An official in charge of banking system of the country said on Sunday that export of non-oil commodities can meet foreign currency needed in the country.







Director ofExport Development Bank of IranAliSalehabadipointed to enemies malicious objectives in reducing oil sales of the country and added, non-oil exports can compensate reduced oil sales and they can provide foreign exchange needed in the country appropriately.

Speaking in a local economic conference on Sunday, Salehabadi added, even if Irans oil exports is driven to zero, non-oil exports can compensate financing currency requirements of the country."

Financing exports is of paramount importance, he said, adding, financing can be effective in competition among goods in global markets.

Although Central Bank of Iran (CBI) has earmarked a credit line in recent years to support exports and export activities in the country, it is not enough, Salehabadi stated.

Moreover, financial resources have been earmarked through the National Development Fund of Iran (NDFI) to spur export activities in the country, he continued.


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