Iranian exporters to Iraq, Afghanistan exempted from new currency measures
Tehran, Iran, May 4
By Kamyar Eghbalnejad - Trend:
The head of Iran-Iraq Joint Chamber of Commerce said exporters of goods to Iraq and Afghanistan have been exempted from the government’s new currency measures as part of the country’s efforts to facilitate exports to the two neighboring countries, ISNA reported.
Jahanbakhsh Sanjabi Shirazi said on Friday that Iran’s exports to Iraq and Afghanistan would rise soon after the government decided to provide Iranian businessmen with banking and currency facilities.
On April 10, Iranian authorities announced a policy of unification of exchange rates, a move that partly generated confusion, especially among those economic players who relied on the country’s free currency market.
The fact is that the newly unified rate of 42,000 rials to the US dollar is not yet widely available, although five banks are providing people with foreign exchange services.
One of the most recent steps by the Central Bank of Iran (CBI) has been to expand an already existing online system referred to by its Persian acronym NIMA (Integrated System for Hard Currency Transactions).
Granting exemptions to importers and exporters can help solve this problem.