Business And Markets

CBI Funding Vaccine Import

CBI Funding Vaccine Import
CBI Funding Vaccine Import

The Central Bank of Iran said it has found a way to pay for the import of Covid-19 vaccine after previous efforts failed. 
The announcement was made by the Central Bank of Iran Governor Abdolnasser Hemmati on Thursday in a note posted on his social media account.
Hemmati said the bank had ordered payment of €200 million to purchase 16.8 million doses of the vaccine soon after receiving an initial approval from a South Korean bank to transfer the money.    
Earlier he criticized the United States for blocking CBI efforts to purchase the vaccine, saying that all vaccine suppliers were required to receive special permits from the Office of Foreign Assets Control (OFAC), the financial intelligence and enforcement agency of the US Treasury Department.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment