Iran’s Accessible Foreign Exchange Reserves to Hit $21 Billion This Year: IMF
TEHRAN (Tasnim) – The International Monetary Fund (IMF) in its latest report put Iran’s accessible foreign exchange reserves by the end of 2023 at more than $21 billion, showing a $1.6 billion rise compared to last year.
The international monetary body also predicted that Iran’s accessible foreign exchange resources will increase to $24.3 billion in 2024.
The IMF has put Iran’s total foreign exchange reserves in 2021 at $122 billion.
Following the adoption of the maximum pressure policy against Iran by former US president Donald Trump in May 2018, the IMF reduced the country’s foreign exchange reserves from $122.47 billion in this year to $14.95 billion in 2019.
The fund has acknowledged that the trend of Iran’s available foreign exchange reserves has reversed since 2021 and has moved up.