WANA (August 15) – Vice President Mohammad Reza Aref has communicated the August 10th Cabinet resolution, allowing the Central Bank to allocate and pay IRR 467.56 trillion (approximately IRR 46,756.16 billion) from its internal resources.

 

This amount is designated to settle Iran’s debt obligations to the International Monetary Fund (IMF) to adjust the Rial’s value.

 

The Ministry of Economic Affairs and Finance will also provide the necessary written guarantee to the Central Bank to settle this debt.

 

A currency dealer poses for a photo with a U.S one dollar bill and the amount being given when converting it into Iranian rials in an exchange shop in Tehran, Iran December 25, 2022. Majid Asgaripour/WANA (West Asia News Agency)