Rouhani: Subsidy policy reform coming

Financial Tribune – Rouhani said despite the pressures and tensions, the government and the central bank were able to control currency rates to a great extent

P resident Hassan Rouhani said Monday the policy of subsidizing basic goods will continue in the coming fiscal (starts March 21), but the manner of allocating subsidized currency could change.

Addressing reporters after the yearend Cabinet meeting, Rouhani said the “government gave $15 billion for importing basic goods” and the same is likely to happen in the coming fiscal.

“With possible changes in the method [of forex allocation], we will provide $15 billion for importing basic goods in the coming year,” Rouhani was quoted as saying, the presidential website reported.