The head of the Central Bank of Iran, Abdolnaser Hemmati, reported that from the beginning of the current Iranian year (end of March) until October 7, the Central Bank of Iran (CBI) has provided nearly 30 billion dollars in foreign currency to finance the import of essential goods and other required products.
Speaking at a dialogue council meeting between the public and private sectors of Bushehr province, Hemmati noted that the central bank managed to provide these funds over a period of seven months and fifteen days, despite the country's foreign currency restrictions.
He emphasized the need for careful management of currency resources. Hemmati stated that despite limited revenues and difficult conditions for exporting both oil and non-oil goods, the central bank focused on importing vital goods, forecasting domestic needs and managing available resources.
According to him, there is currently no shortage of basic goods in the domestic market, and the supply of production resources and medicines will continue. Hemmati identified inflation management, monetary discipline, ensuring foreign currency for imports, and supporting domestic production as key priorities, stressing the need to balance business support with liquidity management and inflation control.
He warned that abandoning monetary discipline could trigger inflation growth and further undermine household purchasing power. Furthermore, he reported that the country's banking network has extended over 9,000 trillion rials in loans since the beginning of the year, with more than 75 percent allocated to enterprises, mainly to cover companies' working capital needs.
Referring to the economic goals of the recent war, Hemmati noted that the adversary attempted to cause economic collapse and hyperinflation, cut off foreign currency earnings from exports, and halt domestic production. However, according to him, these goals were not achieved.
The central bank chief added that measures taken in the last 40 days to counteract pressure on the currency market have yielded positive results, evidenced by a decrease in exchange rates during this period. He confirmed that financing production and preventing damage to business activity in difficult economic conditions remain the central bank's priorities, while emphasizing that credit allocation must reflect available resources and national priorities, rather than attempts to satisfy every financing request.
Hemmati also stated the central bank's readiness to assist in financing the recovery of businesses affected in Asaluyeh, following his visit to the affected economic sites. He added that the bank would consider the issues raised by business representatives and provincial officials through specialized meetings.
