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.