Iran "lost" $3.5 billion worth of local currency
Tehran, Iran, Jan.29
The head of the Economic Commission of Iran's Parliament said that the fate of the local currency, worth some $3.5 billion, allocated for import of goods, since the beginning of this Iranian calendar year (started March 21, 2018) is unclear, Trend reports citing IRNA.
The parliament of Iran is currently waiting for the Ministry of Foreign Affairs’ report on this matter, chairman of the parliamentary Economic Commission in Iran Mohammad Reza Pour-Ebrahimi said.
"Our estimates show that $3.5 billion worth of government allocated currency for import of goods have not been recorded in any of the transfer processes in banks, customs and such institutions,” Pour-Ebrahimi told reporters on the sidelines of a joint meeting between private and public sector officials.
"Until now, this amount has not been registered, and of course, the Minister of Industry believes that part of it is in the process of being used for transferring goods abroad and/or because of the time necessary for some goods to be cleared and get imported, the mentioned amount hasn't surfaced yet," he said.
At this meeting, economists, parliamentarians and representatives of ministry of industry, ministry of agriculture and central bank were present, and discussions were held about the uncertainties and obstacles facing the country's economy.