CBI Allocates Funds to Fight Coronavirus Crisis

October 28, 2020
banking

T he Central Bank of Iran has paid the rial equivalent of €600 million demanded by the Health Ministry to help medical workers cope with the rapidly spreading Covid-19 pandemic, the CBI governor said.

“The CBI will soon allocate another 80 trillion rials [€240 million] to the treasury for the Health Ministry, “Abdolnasser Hemmati was quoted as saying by the CBI website.

Hit hard by the deadly coronavirus, falling oil revenues deepening budget deficits due to the hostile US sanctions, the government is struggling to find funds to shore up its finances and fight the vicious virus for which a vaccine is still not officially available.

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