IFP Exclusive

Iran Central Bank Seeking to Access IMF’s Rapid Financial Instrument

Iran’s Central Bank governor says it will strive to provide the foreign currency reserves required by the country in order to supply the required medications amid the coronavirus outbreak.

In a memo on Friday, Abdolnasser Hemmati said the bank will also work towards gaining access to the Rapid Financial Instrument of the International Monetary Fund (IMF).

“From an economic perspective, people’s lives are under the pressure of unfair and all-out sanctions as well as the coronavirus outbreak, and require serious and immediate support by officials,” he said.

“Continuing to pursue its active approach and make efforts, and with the cooperation and backing of the respected foreign minister, the Central Bank will, using resources which belong to Iran, do its utmost to provide the forex resources needed by the country in order to provide medications as well as medical equipment and humanitarian aid, and will continue its efforts,” he noted.

“Seeking to gain access to the IMF’s Rapid Financial Instrument as Iran’s inalienable and legal right, and seeking to release the forex resources of the Central Bank of Iran which have been illegally frozen under the pressure of the US government, are all part of those efforts,” he added.

“In both cases, efforts have had a positive trend so far,” he said.

The official underscored that Iran’s efforts are geared to get restrictions remove in order to be able to transfer financial resources of the Central Bank of Iran to keep providing medicines and equipment to counter the coronavirus pandemic.

“Everybody knows that the sensitive current situation requires that countries face no restrictions in the global fight against this scourge in order to meet urgent and humanitarian needs,” added the memo.

He said the Central Bank of Iran will definitely try its utmost to solve people’s financial problems as it did before the coronavirus outbreak.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Unscheduled visit by Qatari prime minister to Tehran sparks speculation

Reports emerged by Iranian daily Donya-e Eqtesad suggest that the Qatari Prime Minister and Minister…

9 hours ago

ICC issues arrest warrant for Netanyahu, Gallant for ‘war crimes’ in Gaza

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu,…

9 hours ago

Iran to respond to Europe’s “non-technical” move: Foreign Minister

As France, Germany, and the United Kingdom submit an anti-Iran draft resolution to the International…

10 hours ago

President Pezeshkian criticizes western hypocrisy on human rights

During his visit to Sistan and Baluchestan province, Iranian President Masoud Pezeshkian delivered sharp criticism…

10 hours ago

Nearly 90 killed in Israeli attacks on Gaza

Israel has unleashed a series of air attacks on the Gaza Strip that killed nearly…

11 hours ago

Anti-Iran human rights resolution at UNGA politically-motivated: Spokesman

Foreign Ministry Spokesman Esmaeil Baghaei has censured as politically-motivated and unjustified the adoption of a…

11 hours ago