Iran's USD allocations for medicine imports: numbers don't add up

Iran's USD allocations for medicine imports: numbers don't add up

Dalga Khatinoglu, Trend's Iran News Service Chief

Azerbaijan, Baku, Feb.21 / Trend /

The Spokesman of Iran's Forex Center Samad Karimi said that about $3.1 billion has been allocated to medicine equipments and pharmaceutical imports during current solar year, which started on March 19, Mehr News Agency reported on Thursday.

Karimi said that allocated value indicates 32 percent growth compared to last the solar year.

"About $900 million through common sales and $2.2 billion through agent banks were allocated for importing medical needs," he said.

He went on to say that $2.1 billion of total this value has been allocated during last 6 months.

Karimi's statement came as Iranian government has been criticized due to shortage of vital drugs in the country, increasing the medicine price and avoiding to supply USD for pharmaceutical imports.

Reportedly, Iran's drug shortage partly occurred because of the U.S. and EU sanctions on Iran's banking sector, which has led to cuts of payment transactions.

For instance, the U.S. Commerce Department statistics published on Feb.8 show this country's drug exports to Iran halved in 2012 compared to 2011.

Numbers don't add up

Iranian officials have made statements regarding the allocated USD for medicine and drug imports, however these figures contradict each other.

Director of the Iranian Customs Administration Abbas Memarnejad said on Feb.1 that Iran has imported $1.6 billion worth of medicines and medical equipment in the first nine months of the current Iranian calendar year - about two times less what figure that Karimi announced for eleven months.

The Central Bank of Iran reported on Jan.27 that Iranian banks have allocated 2.8 billion dollars to medicine purchase in the first ten months of current Iranian calendar year, which began on March 20.

On the other hand, head of the Iranian Parliament's Health Committee, Hossein Ali Shahriari, said on November 5, 2012 that in order to meet Iranian patients' demands, some 2.5 billion dollars should be allocated towards medicine purchase by the end of the current Iranian calendar year (March 20, 2013).

Shortage of drugs in Iran has led to significant increase of prices in the country.

According to fifth national development plan, the 70 percent of cost of drugs in the country should be paid by insurance companies, but the caretaker of Health Ministry Mohammad Mohsen tarigat said last month that 60 percent of drug costs is being paid by people.

He said that all medical expenses for current solar year is estimated 500, 000 billion rials, which 300, 000 billion rials has been paid by patients themselves.

The USD official price is 12, 260 rials, while it's sold at 39, 000 in Iran's open market. Iran's national currency has lost about 50 percent of its value during the last 12 months.

The western countries have adopted tight financial sanctions over Iran's oil export and banking sector to curb its sensitive nuclear activities.

Uzbekistan resumes international transport communication
Uzbekistan resumes international transport communication
Impetus to be given to cargo traffic through ports of Kazakhstan, Turkmenistan
Impetus to be given to cargo traffic through ports of Kazakhstan, Turkmenistan
Timeline for commissioning railway to Azerbaijan's Gabala revealed
Timeline for commissioning railway to Azerbaijan's Gabala revealed
Loading Bars
Latest
SOCAR starts repair of submersible electric motors
Russia records 5,905 new daily coronavirus cases
Apple to launch first online store in India next week
Israel imposes second coronavirus lockdown during high holidays
Ambassador: Italian companies interested in Azerbaijan
Gazprombank: Azerbaijani economy to rebound by year-end
Uzbekistan resumes international transport communication
Impetus to be given to cargo traffic through ports of Kazakhstan, Turkmenistan
Real Gross Domestic Product declines in Georgia
EU: Cooperation with Azerbaijan on oil, gas supply continues despite COVID-19 pandemic
SOCAR Turkey’s Kayserigaz expanding to new areas
Uzbek confectionery to be exported to China
Kazakhstan developing mineral resources data system
Letter of Azerbaijan's FM on Armenia's illegal activities in occupied Azerbaijani lands published as UN document
Timeline for commissioning railway to Azerbaijan's Gabala revealed
COVID-19 cases exceed 3,000 in Georgia
UK retail recovery continues apace in August
Ericsson to acquire Cradlepoint in $1.1 billion deal
Kazakhstan's revenue from transporting cargo via internal water surges
Azerbaijan's State Customs Committee, World Bank to implement joint projects
Georgian APM Terminals Poti handles out of gauge cargo with mobile harbor cranes
GIE highlights Southern Gas Corridor’s role in ensuring South-East Europe’s energy security
Turkmenistan, Saudi Arabia to increase partnership in oil, gas sector
Number of coronavirus cases in Uzbekistan approaches 50,000
New textile shops opened in Turkmenistan
Azerbaijani currency rates for Sept. 18
Emirates sets up Kosher Arabia for airline food
Number of Turkish migrant workers in Israel rises
European gas infrastructure to help deliver Green Deal objectives
Kazakh demand for real estate in Turkey grows
Azerbaijan’s postal operator joins Central Bank's search system
Road expansions on Azerbaijani-Russian border
Iran discloses details of exports via Kermanshah Province
Global marketed utilization for floating rigs could dip to 56%
Oil eases as U.S. production returns after storm
Armenia violates ceasefire with Azerbaijan 38 times
Kazakhstan’s Almaty Power Stations JSC opens tender to buy pumps
Georgian Mingrelian Tea company plans to increase list of exporting destinations
Turkey increases trade turnover with US
TAP project almost 98% completed
Apple to launch first online store in India next week
Chinese mainland reports no new locally-transmitted COVID-19 cases
China’s Universal Energy sets up remote management to maintain its renewable projects in Kazakhstan
Trump will deliver U.N. speech next week from White House
Bolivian interim President Anez withdraws from election race with socialists ahead in polls
Biden lambastes Trump over 'close to criminal' COVID-19 response
COVID-19 deaths in Brazil close to 135,000
Italy's exports and imports grow in July
Global COVID-19 cases surpass 30 mln -- Johns Hopkins University
ByteDance plans TikTok IPO if U.S. clears deal
Eight coronavirus patients die in Moscow in past 24 hours, says crisis center
Trump to announce $13 billion in farm aid on Thursday
Germany donates 63 mln USD to UN relief agency's program
Minsk forced to shut down borders with Lithuania, Poland and boost control with Ukraine
Turkey's trade turnover with Russia rising despite pandemic
Israel ready to deepen bilateral relations with Kyrgyzstan
Foreign Minister – Rescheduling of elections is not considered
Turkey records heavily low cargo shipment through Antalya Airport
Iran may allow increase of cargo transportation limits for Azerbaijan
Trump plans executive order to punish arms trade with Iran
U.S. charges three Iranians over satellite tech firm hacking
23 soldiers, 31 militants killed in clashes in Afghanistan: officials
UAE reports 786 new COVID-19 cases, 82,568 in total
Kazakhstan increases crude oil exports to Italy in 1H2020
Kazakhstan increases volume of cement imports from Turkey
South Pars Gas Company announces tender to buy insert
Value of property owned by Georgian banks increases
Kazakhstan's export to Uzbekistan slightly down amid COVID-19
MP: Resettlement of occupied Azerbaijani territories - crime
Nokia expands 4G footprint of Azerbaijan’s Azercell
Azerbaijani parliamentary delegation to make official visit to Russia
Kazakhstan taking important steps to pass to more sustainable development model
Share of Iran's GDP in water, gas and electricity sectors rising
Azerbaijani finance minister talks about priorities of countries during COVID-19
Program of 'Produce in Georgia' to be expanded
OSCE/ODIHR to send short-term, long-term observers to Georgia’s parliamentary elections
Azerbaijani silk may enter new global markets
Russian MFA: Necessary to concentrate on restoration of negotiations on Karabakh conflict settlement
EBRD intensifying activity in Azerbaijan
Kazakhstan eyes introduction of int'l cargo vehicles measure system
Car production up in Uzbekistan
Chinese Sinohydro company plans to implement new reconstruction project in Georgia
Georgia, MasterCard sign deal on cooperation
Uzbek small businesses to be funded by EBRD
Demand of Azerbaijani banks for foreign currency considerably increases
Georgian Glenberries plans to expand its production
TBC Capital predicts economy to return to pre-crisis levels in Georgia
Kazakhstan lowers imports of Turkish-made leather goods
Russia reports over 5,700 new coronavirus cases
Armenia's threat to regional peace raised at NATO committee's meeting
El Al to restart passenger flights next month
U.S. weekly jobless claims stuck at higher levels
Water resources in Uzbekistan shrinking
EU launches project to strengthen blood safety system in Georgia
Ukraine discloses volumes of oil imports from Azerbaijan
Georgia sees decline in aviation oil imports
Azerbaijan confirms 140 more COVID-19 recoveries
Georgia approves amendments to law on development of free trade and competitive market
USAID Economic Security Program: Georgia makes its utmost to restore tourism
Reconstruction of Azerbaijani cotton processing plant completed
All news