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Iran VP's committee to expedite basic goods transactions

Iran Materials 15 February 2012 13:29 (UTC +04:00)

Azerbaijan, Baku, Feb. 15/ Trend M. Moezzi

Iran's First Vice President, Mohammad Reza Rahimi has ordered the formation of a special committee to eliminate foreign exchange funding problems for basic commodities, Mehr news agency reports.

The market control committee of five, is to resolve any problems with providing foreign currency to import basic goods and accelerate the process, said the ministry of industry, mines and trade deputy, Hossein Modarres Khiaban.

There are no limits for funding basic, strategic and emergency goods and letters of credit are not a problem, said Mr. Khiaban. Even cash payments in foreign currencies are done quickly for basic commodities.

The committee has asked the customs and port authorities to clear imports quickly to enable Iranians to get ready for their New Year on March 20.

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