$100m Allocated for Vaccine Import to Iran

April 21, 2021

T he governor of Central Bank of Iran says the bank is prepared to meet the foreign currency needs for importing Covid-19 vaccine.

In a note posted on his social media account, Abdolnasser Hemmati said the CBI allocated $100 million to vaccine purchase on Tuesday.

'Allocations will continue as per requests by the Health Ministry,' he wrote in a note on Instagram.

The CBI gave subsidized currency for the vaccines (1 US dollar = 42,000 rials) – much less than a quarter of the rate in the free market.

Cheap currency is given only to import some basic goods, food, medicine and essential raw materials for manufacturing companies.


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