Iran Allocates Nearly $49 Billion in Foreign Currency to Boost Industry

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Iran has provided a large amount of foreign currency to support imports and strengthen the national economy. Since the start of the Iranian year, these funds have helped industries purchase essential goods and maintain production. Officials report that more than 70 percent of the allocated currency went to the industrial sector. The spokesperson for the Iran Exchange Center, Asghar Balsini, said traders completed deals worth $122 million in a single day. So far this year, commercial currency transactions have reached over $24 billion. These transactions highlight how crucial access to foreign currency is for businesses and trade in the country.

According to Balsini, the Central Bank of Iran has supplied about $48.7 billion for importing a variety of goods. Out of this total, $35.55 billion was directed toward industrial activities. The allocation shows the government’s focus on boosting production, ensuring industries continue running smoothly, and meeting domestic demand. The transport and automotive sector received the largest portion, over $7 billion. Electrical and electronic equipment industries followed with about $4.6 billion, while machinery and production equipment sectors received $4.24 billion. Chemical and polymer industries gained $3.65 billion. These figures reflect a broad plan to strengthen industrial infrastructure across multiple sectors.

Balsini added that these funds have helped improve trade efficiency and support businesses throughout the country. Officials say they will continue monitoring the allocation to ensure money reaches the areas that need it most. Overall, the strategic use of foreign currency is helping Iran maintain production, improve trade flows, and support economic growth. With continued focus on industry and key imports, these funds remain essential for strengthening Iran’s economy and securing future development.

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