Iran had 2nd biggest economic growth of 30 countries last year’

Tehran, IRNA – The governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin says the country had the second-highest economic growth among the 30 largest economies in the world last year.

“The International Monetary Fund (IMF) periodically publishes reports on the economic outlook of the countries of the world every year. According to the latest report of this international organization, Iran had the second highest economic growth among the 30 largest economies in the world last year after India,” Farzin said during a TV program.

He noted that Iran’s economic situation has been very good, adding that based on all the key indicators of the Iranian economy, the currency market of the country is in good condition.

Farzin pointed out that the administration managed to reduce the country’s liquidity growth last year to 25%, which he said is the lowest figure in the last five years

“Last year, the total volume of the country’s goods trade reached more than $150 billion, of which $86 billion were exports and about $66 billion were imports,” he explained.

That is, he hastened to add, the country’s goods trade balance became positive by $20 billion, showing that the currency market of the country is in good condition.

“Last year, we allocated $69 billion of foreign currency for the import of goods and services and provided all foreign exchange service needs,” the CBI chief added.