TEHRAN, Iran, Aug.25
About 9.5 percent of Iranian exporters have sold around €13 billion worth in their revenue to the banks in the current Iranian year (started March 20, 2020) from exports on trades from 2018 and 2019, said the head of Trade and Promotion Organization(TPO).
"About 2,000 exporters have sold a portion of their foreign currency revenue according to NIMA system and many others should be incentivized to do the same," said Hamid, Trend reports citing IRNA.
"Meanwhile 14,900 individuals have yet to sell a portion of their export revenue and based on figures more than 12,000 individuals are expected to sell up to €100,000," he said.
"Exporters in production sector are required to sell a portion of their foreign currency revenue and contact the Central Bank of Iran(CBI) until September 21, if they fail to meet the deadline their commercial cards will be suspended," Zadboum added.
"CBI data indicates that commercial cards of some exporters in the non-production sector have been suspended since they have failed to fulfill their commitment of selling a portion of their foreign currency revenue on top of missing the August 21 deadline," he noted.
"Other individuals that have already sold 1 to 30 percent out of the portion of foreign currency revenue that supposed to be sold based on the NIMA system had their deadlines extended until September 5," Zadboum said.
"TPO has held meetings with 300 companies that have not sold any of their revenue during previous months and reached an agreement that $600 million worth of discounts will be provided for those companies regarding sale of the portion of their export revenues to banks," he stated.
"So far no commercial cards have been canceled but after the deadline, we would review the possibility of doing it," he added.