Iran central bank allocates $1bn to private sector

Central Bank of Iran announced that it has allocated $1bn to the private sector. The money was drawn from the foreign exchange reserve fund which was set up to deposit surplus oil revenues.

In a statement, the central bank also said it has placed credit at the disposal of producers and exporters in order to contribute to the expansion of employment and support non-oil exports.

Outlining the foreign exchange policies of the central bank, the statement said the main policies are preserving the va