Official: Iran government’s currency policies lead to pressure

Iran Materials 11 January 2012 17:42 (UTC +04:00)

Azerbaijan, Baku, Jan. 11 Trend M. Moezzi

The head of the Iran-China Chamber of Commerce said the government's management of the foreign currency market is responsible for the instability in Iran, the Islamic Labor News Abnecy reported.

As the government permits the import of goods, it should provide the required foreign currency, Asadollah Asgaroladi said.

Today, manufacturers who received foreign currency loans are having a hard time repaying them because the exchange rate for foreign currencies has gone up so sharply in the last two months, he said.

At the same time, manufacturers who import the ingredients for their products face greater expenses for finished products because of the rial's decreasing value are not allowed by the government to increase their prices.