TEHRAN, Iran, Oct.23
Trend:
Reforming the basic export rates in Iran would improve the country's overall export, while the importers wouldn't be obligated to pay different rates to the customs each time the foreign currency rate changes, said the head of Iran Export Confederation Mohammad Lahouti, Trend reports via Mehr News Agency.
"The constant fluctuation of foreign currency rate has intensely changed the basic export rates for exporters and the Chamber of Commerce suggested that the government should consider reforms," said Lahouti.
He went on toad add that meetings have been held between the government side (headed by the Minister of Economic Affairs and Finance), and the private sector, during which the basic exports rates were reviewed.
"Basic export rate are not stable and could affect the value of commodities set by the customs, transport costs, insurance, domestic wholesale rates. So, while the official foreign currency rate is 42,000 rials per USD, the export rate would change to 86,000 rials per dollar, based on NIMA system ," he said.
"The cooperation with the customs during the past two years has reduced the export basic rates by 35 percent, the NIMA system rate is still considered the base that is changing daily and exporters are obligated to pay customs fees based on these foreign currency rates. Some are simply not able to pay the price," he said.