Iran’s foreign trade conducted mainly in Euro, Yuan

Financial Tribune – Euro and the Chinese yuan topped the Central Bank of Iran’s list of subsidized currencies allocated for imports in the past 13 months, with USD at the bottom of the list.

Department of Economic Review of Tehran Chamber of Commerce, Industries, Mine and Agriculture (TCCIMA) has published a report about allocation of subsidized foreign currency saying that the CBI sold importers 13 types of subsidized currencies valued at $29.72 billion from March 2018 to May 2019.

As per the data, 12.9 billion euro was allocated to importers, accounting for more than 44% of the total. This was followed by the Chinese currency worth ¥43.2 billion. A large part of this currency went to car companies.