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CBI Focusing on Foreign Investments

CBI Focusing on Foreign InvestmentsCBI Focusing on Foreign Investments

The Central Bank of Iran attracted billions of dollars in foreign investments in the last fiscal year that ended on March 20 and it will continue to focus on absorbing foreign funds this year, its governor said, as he outlined his bank’s measures for realizing this goal. “CBI has exerted efforts to unify the dual foreign exchange rates, which are also aimed at attracting investments,” Valiollah Seif also told ICANA. “CBI has limited the use of official rates and strived to improve its international banking relations.” The official also said that in order to win the race in getting foreign funds, Iran must improve its climate of doing business, reduce investor risks and promote transparency in its markets.

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