Iran's application for IMF loan underway: CBI
Central Bank of Iran announced late Monday that Iran's application for access to its rights in International Monetary Fund (IMF) to contain the spreading virus is underway.
As far as CBI knows, the IMF will approve the financial aid to countries after the administrative procedures are completed, it said.
CBI Public Relations Department urged the media outlets to follow up the issue through official resources.
Since the 1979 revolution, Iran has never asked the IMF for help and has criticized it and other international financial organizations such as the World Bank for ideological reasons.
Since the Trump administration eliminated waivers permitting the purchase of Iranian oil in May 2018, Iran has struggled to earn the dollars and euros that are needed to keep its economy supplied with advanced goods. Consequently, over the 18 months, Iran has seen inflation reach as high as 40 percent, straining the finances of ordinary households and pushing as many as 1.6 million Iranians below the poverty line.
END