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New Resources Foreseen To Help Fund Covid Aid

New Resources Foreseen To Help Fund Covid Aid New Resources Foreseen To Help Fund Covid Aid

Plans to offer financial aid to people hit by the Covid-19 outbreak will be funded from resources other than the Central Bank of Iran, the bank’s governor said. 
In a note on his social media account, Abdolnasser Hemmati referred to the government’s plan to give 10-million-rials each to 10 million households plus the Majlis decision to pay direct subsidies for buying food and staples. 
Hemmati said no payments will be made from CBI resources. "Despite the need for financial resources to help meet the people’s needs, the CBI has no choice but to maintain its disciplinary policy and avoid monetary expansion to maintain financial stability," he wrote on Thursday.

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