Iran to ban exports of some goods

Azerbaijan, Baku , Oct.16/ Trend F.Milad/‎

Iran plans to ban the export of the goods where the official rate of US dollar (12,260 rials) has been used for their raw material imports.

If any company insists on exporting its products, it has to repay the difference between the official rate and the free market rate of dollar to the Central Bank.

The government maintains an official reference rate of 12,260 rials to the dollar, but only ‎a limited amount of foreign exchange is available at this rate.‎

ISNA News Agency reported on Monday that US dollar was sold at 35,500 rials in the free market.

On September 22, the Mehr news agency quoted director of the Iranian Trade Promotion Organization as saying that the imports of some specific goods, which are also domestically manufactured, may be limited in a bid to prop up domestic producers.

"The domestic production will be supported as much as possible observing the market situation," the TPOI official Kiyumars Fathollah Kermanshahi said.

The Iranian Central Bank has recently ordered all the branches to pay official rate dollar (12,260 rials) to importers just for importing a certain group of goods.

The goods include red and white meat, livestock, corn, barley, soy bean, edible oil, sugar, and milk powder, Mehr news agency reported.

The Central Bank has categorized the goods, which are to be imported, into ten total groups.


Iran's central bank allowed trading in its currency at market levels after fixing the exchange rate in January as the threat of sanctions over the country's nuclear program and economic risks spurred Iranians to buy up dollars.

Israelis express readiness to travel to Georgia
Israelis express readiness to travel to Georgia
Uzbekistan, Saudi Arabia sign memorandum on tourism development
Uzbekistan, Saudi Arabia sign memorandum on tourism development
Karabakh's geography allows developing various tourism products - Azerbaijan Tourism Board
Karabakh's geography allows developing various tourism products - Azerbaijan Tourism Board
Loading Bars
Latest
Кazakh Electricity Grid Operating Company to buy spares via tender
Turkmenistan's Turkmenturba opens tender for purchase of chemical products
Kazakhstan’s Volkovgeology JSC exploring venture opens tender to buy accumulators
JP Morgan expects non-OPEC oil supply to grow in 2022
ITFC announces launching of 2nd phase of Aid for Trade Initiative for Arab States in June 2021 to Mitigate Effects of COVID-19 on Trade in Arab Region
Amount of fee transfers to Azerbaijan's 2020 state budget disclosed
Turkmen spinning mill sends most of its products for export
Iran shares data on steel sheet rates
Azerbaijan to create Karabakh development model - Center for Analysis of Economic Reforms
Uzbekistan reveals COVID-19 data for January 26
Oil shortage unlikely in medium-to-long term
Global oil demand to peak in around 2030
US to reach highest monthly total of wells franked after March 2020
Iran investigating case of seized tanker - Oil Minister
South Korea yet to pay its debt to Iran - Iran-South Korea Joint Chamber of Commerce
Azerbaijan preparing action plan for development of renewable energy sources in Karabakh
Oil drops as U.S. stimulus wrangles, rising COVID-19 cases hit sentiment
Iranian FM discusses impact of FATF related bills issues on economy
Weekly review of Georgian capital markets
Total volume of non-bank deposits in Georgian banking sector up
Chinese mainland reports 69 new locally transmitted COVID-19 cases
China, New Zealand sign upgrading protocol of free trade deal
Italy sends warning letter to Pfizer over COVID vaccine delays
U.S. House delivers Trump impeachment article to Senate
Uzbekistan, India working on bilateral investment treaty
Brazil sees 627 COVID-19 deaths in a day
France registers 445 COVID-19 deaths over past 24 hours, hospitalizations up again
Protest clashes injure 8 in Lebanon's northern city of Tripoli
Kazakhstan improving forecast power sector showings for 2021
Italy says G20 to discuss extension of debt relief for poor countries
Merkel and Biden agree in phone call to strengthen transatlantic cooperation
U.S. Senate votes overwhelmingly to confirm Yellen as first female Treasury chief
Canada's COVID-19 cases surpass 750,000
Number of COVID-2019 cases across globe up by over 514,000 in past day
UN chief calls for developing global economy with universal respect for int'l law
Israel reports 8,664 new COVID-19 cases, 605,397 in total
Body of one person recovered from rubble of destroyed house in Azerbaijan's Khirdalan (PHOTO/VIDEO) (UPDATE)
At least 21 dead, 33 injured in southern Brazil bus accident
Georgia's economy focuses on higher value added sectors
Italy PM Conte to resign on Tuesday, seek fresh mandate
6.5M more doses from China add pace to Turkey's vaccination drive
Flydubai, Air Arabia to resume flights to Georgia
Iran's exports to EEC member states increase
Assistant to Azerbaijani president talks new architecture of regional security in interview to Atlantic Council (VIDEO)
India eyes to study Kyrgyz medicinal plants, create their catalog
Kazakhstan boosts petroleum oils export to EU countries
UK records another 22,195 coronavirus cases, 592 deaths
National Bank of Kazakhstan discloses base rate
Role of innovations in development of digital payments in Azerbaijan during pandemic
PACE welcomed trilateral statement putting end to Second Karabakh war - Secretary General of Council of Europe
Azerbaijani Cabinet of Ministers determines priorities for 2021 upon president’s instructions (PHOTO)
Azerbaijan Gymnastics Federation holds its General Assembly and Executive Committee meeting (PHOTO)
Azerbaijan discloses trade balance in 2021
Georgia reveals volume of exported tangerines
Main index of Tehran Stock exchange gains 1,343 points
Azerbaijan shows footage from Dovletyarli village of Fuzuli district (PHOTO/VIDEO)
Iran capable of reconstructing liberated areas in Azerbaijan's Karabakh - former ambassador
Azerbaijani SOCAR's Turkish affiliate discloses revenue from 2020 export operations
BakuBus LLC transferred to Azerbaijan Investment Holding
Azerbaijan releases info on its citizen killed by pirates off coast of Nigeria
Export of hazelnuts from Azerbaijan to Georgia down
Azerbaijani expert talks transport problem in post-pandemic period
Azerbaijan confirms 273 more COVID-19 recoveries
Azerbaijani, Iranian FMs discuss current regional situation
Iranian Energy Exchange announces products to be on sale on Jan.26
USAID empowers early adopters of digital economy of Turkmenistan
Azerbaijan's heavy industry to reach new level
Uzbekistan Airports officially joins Airport Council International
Uzbekistan, EAEU approve road map for effective co-op in 2021
Kazakhstan boosts petroleum oil exports to Austria despite COVID-19
Kazakhstan restoring crude petroleum exports to Czech Republic
Volume of loans issued by Georgian commercial banks up
Kazakhstan’s largest gas supplying company opens tender for road repairs
Kazakhstan taking measures to develop container transportation by railway and sea
Kazakhstan continues to implement transport projects despite COVID-19 pandemic
Azerbaijan’s Baku Taxi Service opens tender for maintenance and repair of London Taxi
Investments in Azerbaijan's economy to increase - Standard & Poor's
Kazakhstan working on launching ferry service with Turkmenbashi, Makhachkala ports
Uzbekistan to use South Korea’s experience in digital economy dev’t
Azerbaijan planning to export domestic oil for diesel engines to Ukraine
Google workers to form global union alliance
S&P forecasts decrease in unemployment rate in Azerbaijan
Azercell expanded the coverage of the LTE network to more than 85% of the country's territory last year
Iran's exports through Astara customs grow
Relations on two sides of Araz are relations of kinship and friendship - Iranian FM
Azerbaijan shows footage from Kurdler village of Fuzuli district (PHOTO/VIDEO)
Iran’s Bahar Azadi gold coin price continues to rise
Contract to be signed on eleventh phase of Iran's South Pars gas field
Liabilities of Azerbaijani private sector to banks to decrease over next 3 years
Foreign trade turnover of Uzbekistan’s Samarkand region reduced in 2020
Turkish Yilmaden Holding eyeing chromite enrichment launch in East Kazakhstan
Georgia sees decrease in wine export
Production of vehicles in Azerbaijan increases
Hogan Lovells continues to advise Shah Deniz consortium after launch of SGC
Azerbaijan's Unicapital OJSC predicts notable rise in operations with securities for 2021
South Korea allocates additional grant for Uzbekistan to counter spread of COVID-19
Kazakhstan to auction several land plots for hydrocarbons exploration, dev't
Iran’s IOOC continues operations in Sivand and Esfand oil fields
Azerbaijan's AzerGold CJSC reveals 2020 revenues from export of gold, silver
S&P Global Ratings discloses forecast average inflation rate in Azerbaijan until 2024
All news