Speaker: Increase in foreign exchange rates boosts Iran’s exports capability

TEHRAN (FNA)- Iranian Parliament Speaker Ali Larijani downplayed the negative effects of increased foreign currency rates, and said such a boost is a good opportunity for the country’s industry to up its exports.

“It is right that the high foreign currency exchange rates have caused some problems, but it meantime provides a good opportunity for export items and industrial units consider exports as the pivot of their activities,” Larijani said on Saturday.

He underlined that if industrial units pay more attention to exports, the country’s industry will witness rapid growth.

According to officials, Iran’s non-oil exports exceeded $41bln in the last Iranian year (ended March 20).

The value of Iran’s non-oil exports has exceeded $12.5bln during the first 4 months of the current Iranian year (started on March 21) despite the sanctions and restrictions imposed against the country by the West, the customs administration announced earlier this month.

Iran exported $12.536bln worth of non-oil goods in the said period, showing an 11.5 percent increase compared with last year’s corresponding period, the report said.

The customs data showed earlier this month that Iran’s non-oil exports exceeded $9.7 billion in the first quarter of the current Iranian year irrespective of the US-led western sanctions imposed against the country.

Iran exported 21.699 tons of different goods, including gas condensates, worth $9.751 billion from March 21 to June 21, the Iranian Customs Administration reported.

Non-oil commodities accounted for $5.112 billion of the total $9.751 billion worth of goods exported in the first three months, while the export value of gas condensates and petrochemicals stood at $2.096 billion and $2.542 billion, respectively.

By Fars News Agency


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