Jun 05, 2020 12:22 UTC
  • President Rouhani urges Central Bank to unblock Iranian assets in foreign banks

President Hassan Rouhani has praised the efforts of the Central Bank of Iran (CBI) to release part of the country's forex resources blocked in foreign banks.

Speaking with Governor of the Central Bank Abdolnasser Hemmati, Rouhani urged the CBI to continue following up on the release of Iran's frozen assets.

The president also stressed the need for more cooperation of the country's exporters with the Central Bank to provide the required foreign currency for the country’s import.

Hemmati said the Central Bank is pressing ahead with its efforts to secure the release of Iranian assets blocked in other countries.

He also said the CBI is to auction treasury bonds to fund the budget deficit through market liquidity this week.

Under US pressure, billions of dollars of Iran’s oil money and other funds are held up in several countries at a time when they are urgently needed in the country’s fight against the novel coronavirus which has killed over 8,000 Iranians so far.

In late March, Hemmati promised that some of the country's frozen assets will be released with the efforts of the Foreign Ministry and the Central Bank.