Iran gov’t reinforces supervision over distribution of subsidized goods

Financial Tribune – The Central Bank of Iran has obliged importers who use subsidized currency to sell their goods via a transparent distribution network, according to a CBI official.

“Commitment of importers regarding the foreign currency they use for importing essential goods is fulfilled only if and when they supply the goods via a verifiable network designated by the government,” the official told Mehr News Agency on the condition of anonymity.

The government has again intensified supervision over subsidized imports using CBI currency, he said, referring to President Hassan Rouhani’s recent call on the Cabinet to be more alert and responsible toward forex allocation and the cumbersome distribution process of essential goods, namely foodstuff.