Errant exporters repatriate $20b instead $40b

Financial Tribune – July 22 was the end of a deadline set by the Central Bank of Iran for non-oil exporters to repatriate their currency earnings during the last fiscal year (March 2018-19) to the country.

After the deadline expired, figures indicate that companies have so far managed to bring back less than half of their earnings out of total exports of $40 billion, ISNA reported.

This is despite the CBI’s repeated efforts to tweak rules and offer initiatives to encourage the errant exporters to repatriate more of their overseas earnings.