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Iran to inject more foreign currency into economy after deal with US

Middle East News

24-06-2026 | 08:03

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Iran to inject more foreign currency into economy after deal with US

Iran will significantly increase foreign currency allocations from Saturday after improved access to foreign assets and the recent easing of restrictions on oil exports, Central Bank Governor Abdolnasser Hemmati said ⁠on Wednesday, according to Iran's Nournews.

An interim deal signed last week between Tehran and Washington mandates the U.S. to issue temporary waivers for the export of Iranian energy products and to improve Iran's ⁠access to its frozen assets abroad.

Hemmati said the bank would channel part of its strengthened reserves ⁠into the economy, with an initial $2 billion to be made available on ⁠Saturday for the industrial sector, and would help control inflation ⁠as well as the import of essential goods.

Reuters

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