Middle East Economic Survey

VOL. L

No 9

26-Feb-2007

IRAN

Iran Central Bank Says Less Than 30% Of Reserves Held In Dollars

The Central Bank of Iran (CBI) holds less than 30% of its foreign exchange reserves in dollars and intends to continue reducing this holding to the minimum level needed to meet payment commitments, the Governor of the Central Bank of Iran (CBI) Ibrahim Shaibani told Reuters on 21 February. Mr Shaibani said that lowering the countrys dollar position gradually was a very natural...