28 Mar 2024
Saturday 27 July 2019 - 16:03
Story Code : 355083

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 CBIs repeated efforts to tweak rules and offer initiatives to encourage the errant exporters to repatriate more of their overseas earnings.
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