85850
The IMF estimates gross official foreign exchange reserves at a high $111.7 billion in 2017.
The IMF estimates gross official foreign exchange reserves at a high $111.7 billion in 2017.
Sunday, May 06, 2018

CI: No Change in Iran CA Surplus Until 2020

Iran’s external position benefits from a large net external creditor position and substantial current account surpluses
While the lifting of nuclear-related sanctions in January 2016 allowed for a strong expansion of Iranian oil exports, Iran’s ability to repatriate export earnings from trading partner countries is hampered by its limited integration in the international b
Sunday, May 06, 2018

CI: No Change in Iran CA Surplus Until 2020

Capital Intelligence Ratings (CI Ratings), the international credit rating agency, said Iran’s current account surplus is expected to have increased to 4.5% of GDP in 2017, which was 4% in 2016 following the moderate rebound in oil prices. 
In its latest report assessing Iran's economy, CI predicts on its website that "provided nuclear-related sanctions are not reimposed on Iran, we forecast the current account surplus to stay in the range of 4-5% of GDP during 2018-20". 
Iran’s external position benefits from a large net external creditor position and substantial current account surpluses, it says. However, the country's international liquidity position is constrained by difficulties to improve the processing of international payments through the global banking system, as this curtails Iran’s ability to repatriate export earnings and access forex reserves.

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