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Iran Oil Export Revenues Will Help Buttress Forex Supply: CB Chief

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Governor of the Central Bank of Iran said at the weekend Japan has resumed importing Iranian oil after China, South Korea, India and Turkey. 

Abolnaser Hemmati used Instagram to assure the public that new oil revenues, backed by “billions of dollars in existing CBI resources with foreign banks,” would soon enter the country’s trade cycle. 

A spokesman for a Japanese refinery confirmed to Reuters on Monday that refiners in that country loaded Iranian oil onto a tanker, resuming imports after halting purchases because of the new US sanctions against Tehran. 

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