TEHRAN, Iran, Nov.6
Trend:
Iran applies certain policies on the assignment of official foreign currency rate to importers of necessary goods in order to reduce the increase of free-market foreign currency rates, said Director-General of the Office of Commercial Services in Ministry of Industries, Mine and Trade.
"The new policy of import by bank credit would offer foreign currency and diversify the commodity supply and would accelerate the process of releasing cargo from the customs," said Sadif Beykzadeh, Trend reports citing ILNA.
"Changing methods of supplying goods could reduce the effect of sanctions and credit foreign currency is one of them so there would be no worry over the import of necessary goods and basic material while the demand and supply would be a balance," he added.
He went on to say that the issue of credit for foreign currency to importers would be limited to certain necessary goods and basic material so the imported commodity price in the market would not increase. Furthermore, consistent changes in businesses and working atmosphere, global markets, and the global pandemic have affected the supervising organizations that monitor the market.
"Market Regulation Headquarters seek to monitor and inspect the market and equalize the volume of supply and demand to avoid the increase of prices," he noted.
Beykzadeh also specified the priority in registering import orders with necessary goods and basic material that would be used in production.