Refusal to return foreign currency from exports damages Iran's economy

Business Materials 22 May 2019 14:11 (UTC +04:00)

Tehran, Iran, May 22


Major part of foreign currency earned from exports hasn't been returned to Iran, and it is related to the petrochemical sector, Iranian MP Zahra Saedi Mobarekh told Trend.

"Partially, it is due to domestic issues and bad management, and it can be resolved by certain measures," she said.

The Governor of Central Bank of Iran Abdolnaser Hemmati has said on his Instagram account that around 60 percent of foreign currency earned from exports has been returned to the country.

"The major concern of people and members of the Parliament is the fate of foreign currency revenues that have not returned. Today all of us demand transparency about it and people should be informed about it," Mobarekh said.

She went on to add that some 40 percent of the currency that hasn't been returned is very concerning, and it partially has to do with domestic problems and mismanagement.

She said she had no knowledge of whether those who violated the rules have been identified.

"Aside from such violations, there are software-related problems, and this damages transparency," the MP said.

Speaking on how Iran could improve the situation with country's foreign currency revenues, Mobarekh said there are businessmen in Iran who have international credits, and if the government could use their capacity, the process would be going more smoothly.

"Some countries have good relations with Iran, and they can be mediators in the process and help solve the problem"

"In my opinion individuals that intentionally refuse to return foreign currency revenues are damaging the national economy and that is a treason," she said.