Financial and Banking News
BUDGETS AND REVENUES
Iranian Central Bank Denies Reports of Drop in Imports
In reply to a spate of reports in the international press to the effect that Iran has severely curtailed imports as a result of deteriorating financial conditions, the Iranian Central Bank issued a statement on 31 January denying that restrictions had been imposed on the issuing of letters of credit and asserting that the country's reserve position is healthy.
According to the...