Chatting with reporters on the sidelines of a gathering in Washington with IMF officers, Farzin stated Iran would be capable of spend the quantity to advertise its efforts to battle the nation’s financial woes.
At present, he stated, Iran has 4.8 billion value of Particular Drawing Rights (SDRs), which is equal to $6.7 billion.
At instances when the worldwide economic system faces recession, the IMF allows Particular Drawing Rights, a sort of reserve asset issued by the physique to all nations to assist complement their official reserves. SDRs should not money, however they are often traded for laborious forex comparable to {dollars}, kilos, or euros.
Till earlier than 2021, Iran loved 1.4 billion SDRs and three.4 billion extra SDRs have been added to the earlier account in an effort to confront the financial recession brought on by the worldwide coronavirus pandemic, the CBI governor famous.
