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Iran allocates $157m to import medicine, medial equipment

Source: Tehran Times

Iran has allocated $157 million to import medicine and medical equipment since the beginning of the current Iranian calendar year (March 21), IRNA reported, citing a statement by the Central Bank. Some $1.6 billion has also been allocated to import staple foods, the report added.

Sanctions in Iran: Who Stole My Medicine?

There is no problem for allocating dollar to import staple foods and medicine, according to the report.

Iran's Health Ministry official Hossein Ayati has said some 97 percent of Iran's required medicine is currently produced domestically.

About 50 percent of necessary raw material for producing the medicine is imported, he added.

Last year, some $1.7 billion was allocated to import medicine which is not produced inside the country, the official said.

In November 2012, Iran's health ministry called the central bank to earmark $2 billion for importing medicine to cope with the domestic shortage as a result of international sanctions.

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