Azerbaijan, Baku, Dec. 18/ Trend G.Mehdi/
The rise in the dollar price has been the main factor in mounting Iran's export revenues during the first half of the current Iranian calendar year, ILNA quoted an official with the Iranian Chamber of Commerce as saying.
Mohsen Bahrami said that exports during the first half of the current year and the last quarter of the past year increased mainly due to the rise in the dollar price.
The Central Bank has set the official rate of the dollar at 12,260 rials, while the street rate is currently at 30,200 rials and the Forex Centre of Iran offering the dollar at 24,591 rials.
During the past year, the rial lost 100 per cent of its value against the dollar. In other words, due to the intensified sanctions and fall in Forex incomes, maintaining the rial at a higher rate against dollar has been tackled to some extent.
The Exports Guarantee Fund of Iran has warned of a probable commodity shortage in the country if the current trend of exports continues.
The fund's managing director Kazem Doust-Hosseini said that imports have decreased considerably and exports have grown by 17 per cent during the first eight months of the current Iranian year.
If the current situation continues, the country may face a shortage of certain goods, he noted.
The recent surge in foreign currency prices has enticed many exporters to send goods which had not been previously economically justified to be exported, he said.