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Errant exporters repatriate $20b instead $40b

27 Jul 2019 - 16:03


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.


Story Code: 355083

News Link :
https://www.theiranproject.com/en/news/355083/errant-exporters-repatriate-20b-instead-40b

The Iran Project
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