Business And Markets

$3.3b Allocated for Pharma Import: CBI

$3.3b Allocated for Pharma Import: CBI
$3.3b Allocated for Pharma Import: CBI

The Central Bank of Iran says since mid-April it has allocated $3.34 billion for importing medicine.
According to a press statement seen on the bank's website, the forex was paid as a part of an agreement between the Ministry of Health and the CBI, which required the latter to earmark $1.3 billion by July 21 for medical imports. 
The CBI said it also gave $2.04 billion resources through the Nima platform to meet emergency medicine and related equipment needs.
The central bank noted that it has prioritized currency needs of the key pharmaceutical sector. "Such orders are evaluated  and approved within 24 hours," the press release said. 


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