Iran increases amount of foreign currency assigned to importers
TEHRAN, Iran, Sept.22
The Central Bank of Iran has increased the amount of foreign currency assigned to businessmen to import soybean meal, crude vegetable oil and oil seeds in the current Iranian year(started March 20,2020), said the acting deputy minister of Industries, Mine and Trade Mohammad Reza Kalami, Trend reports via Tasnim news agency.
"The volume of official foreign currency rate for import of soybean meal and crude vegetable oils has increased by 5 percent and 17 percent respectively, compared to the last Iranian year," said Kalami.
He added that the price of soybean meal in Iran's ports is 27,000 rials (about 60 cents) per kilo, and the price depends on the foreign currency rate assigned by the country's Central Bank to local importers, and port fees as well.
"The storage of necessary goods at Iran's ports currently stands at more than 3.3 million tons. The government has helped importers to import their cargoes for credit, and the major part of the cargoes has been unloaded in ports," he said.
"Iran has imported 4.8 million tons of corn from the start of the current Iranian year (started March 20,2020) until September 19, which is an increase of 23 percent, compared to the last Iranian year," he said.