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No gov't rate dollars for Iran's luxury goods importers

Iran Materials 29 February 2012 16:39 (UTC +04:00)

Azerbaijan, Baku, Feb. 29/ Trend M. Moezzi

Imported goods eligible for Iran's government-rate dollars cannot be luxury items and must have been imported before, the Iranian Students News Agency (ISNA) reports a deputy trade minister as saying.
There are around 400 categories of tariffed goods that have no record of being imported until now, Hamid Safdel said.
Luxury goods are exempt from getting the official exchange rate of 12,260 rials to the dollar as well.

If importers of other goods have valid imported goods registrations, the Central Bank of Iran will provide them with the currency they need.

In late January, the CBI set a single rate, 12,260 rials, for the dollar. The measure was designed to stabilize Iran's foreign currency markets which had seen a sharp increase in the dollar's value against the rial in the face of tough new international sanctions against Iran. Non-official currency traders sell the dollar for much more, up to 20,000 rials for the dollar, than the CBI's official rate and
finding the currency at the cheaper rate is almost impossible.

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