Key facts
- Iran received over $1 billion in oil revenue between August 22 and September 2.
- The foreign currency generated from oil exports was transferred into Iran's foreign reserves.
- This inflow is expected to enhance the central bank's capacity to meet the country's foreign currency needs.
- Iran has generated over 80 percent of its projected oil income for the 2026-27 budget in the first five months of the current fiscal year.
Iran has received more than $1 billion in oil revenue in the 11 days leading up to September 2, according to the semi-official Fars news agency. Documents reviewed by Fars indicated that Iranian authorities transferred the foreign currency generated from oil exports into the country's reserves. This influx of funds is expected to bolster the central bank's capacity to cover Iran's foreign currency requirements. The report also noted that Iran had already generated over 80 percent of the oil income projected in its 2026-27 budget within the first five months of the current fiscal year, which commenced on March 21.