Iran announces three exchange rates to import various goods
Iran announced today that the establishment of three scales of foreign exchange for import of various types of goods, from basic to luxury, due to current problems in hard currencies like the euro and the dollar by international sanctions on the country.
He told the Iranian student news agency, ISNA, deputy Fathipur Arsalan, head of the Economic and Trade Commission of the Parliament, banks only provide U.S. dollars at the official rate of 12,260 rials per dollar, commodity importers duly accredited.
The source added that importers of goods of “interim interest” will offer materials and 15,000 dollars for luxury goods, “such as cars and dolls,” traders will be sought on the open market, which currently trades at about 20,000 rials.
Fathipur confirmed that the Government has accepted the proposal of the Legislature to give priority to the importation of basic goods and facilitate exchange at the official price, much cheaper than free to do so.
However, according to ISNA, the president of the Chamber of Commerce of Iran Mohammad Nahavandian, and other private entrepreneurs have already expressed concern about the implementation of this system and noted that in addition to technical problems, could also be a source of profit illegitimate for some and corruption.
On 8 July, the Economy Minister Seyed Hosseini Shamsedin said the Tehran government sought to achieve a single exchange rate with international currencies like the dollar and the euro, rather than the two that had now, official and free market, very inconsistent.
“Despite the formation of a parallel foreign exchange market in Iran (free market), the establishment of a single parity with other currencies is the focus of government programs,” Hosseini said less than two weeks.
Until last December, the exchange difference between the official and free market was small, but since then has increased due, among other things, international sanctions against Iran over its nuclear program and economic reforms of the Government, that have led to high inflation.
This year, many Iranian merchants have been difficulties in obtaining hard currency circulating due to a reduction in remittances by the sanctions on the oil sector and the Iranian banking system imposed by the European Union, United States and other countries on Iran its nuclear program.
Category: Money
