The Iran Project

Most importers meet forex obligations

Financial Tribune – Unfulfilled commitments by importers of essential goods have decreased substantially thanks to measures by the Central Bank of Iran 18 months ago, an official with the bank said.

Unfulfilled commitments by importers who use subsidized currency (1USD 42,000 rials) for importing essential goods declined from 27.87% in January 2019 to 9.48% now, according to Gholamreza Panahi, the CBI deputy governor for currency affairs.

In other words, for 9.4% of total subsidized currency given to import basic goods nothing was brought in, the CBI website reported.

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