News in Brief
Forex reserves up by $4b in three months: CBI
The figures of the Central Bank of Iran showed that the country’s foreign exchange reserves increased by $4 billion in the first quarter of the current Iranian calendar year (March 19 to May 22, 2024).
The statistics indicate that the country’s foreign exchange reserves in the first three months of the current Iranian calendar year reached $25.5 billion, showing an 18.6 percent growth compared to the same period last year, Mehr News Agency reported.
The CBI put the foreign exchange reserves of the country in the first three months of the previous Iranian calendar year (March 21 to May 22, 2023) at $21.5 billion.
In this timespan, $14.3 billion of products were imported into the country.
The trade balance of the country reached $11.2 billion in the first quarter of the current Iranian calendar year, registering a 51.3 percent hike compared to last year’s corresponding period, the CBI added.
Over 550 wagons added to Iranian rail fleet
A total of 558 brand-new and overhauled wagons were added to the rail fleet of Iran.
In a ceremony attended by CEO of the Railway of the Islamic Republic of Iran (RAI) Miad Salehi, 516 brand-new freight wagons, 12 brand-new locomotives, 5 overhauled locomotives, 8 brand-new passenger wagons, and 17 freight wagons joined the railway fleet, reported ISNA.
He went on to say that these wagons and locomotives have been fully manufactured by domestic engineers.
According to another RAI official, 93 locomotives in the production and renovation fields have entered the nationwide rail network since August 2021 when the administration of the late president Ebrahim Raisi assumed office.