Iran redirects foreign currency to essential goods, suspends lower-priority imports amid ongoing war

Iran's government has unveiled new economic measures to address mounting pressures as the war continues, including directing limited foreign currency reserves toward importing essential goods and suspending lower-priority activities, such as the import of certain vehicles. These steps coincide with efforts to reduce fuel consumption and cut gasoline imports.

Government spokesperson Fatemeh Mohajerani said the country had "faced extensive pressures and attacks," explaining that the measures are intended to strengthen the economy's ability to withstand external shocks and pressures, as economic difficulties persist nearly eight months into the conflict.

Mohajerani explained that the government has reprioritized foreign currency allocations, focusing available resources on securing essential goods, while suspending less critical activities, including the import of some types of vehicles, as part of efforts to manage limited resources.

On the energy front, the government is working to rationalize fuel consumption and reduce gasoline imports, as part of its strategy to cope with economic pressures and ensure resources are available for the most vital needs.

Mohajerani stressed that these measures aim to "strengthen resilience against external shocks and pressures," as Iran faces growing economic challenges amid the ongoing war.