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Finance minister discloses amount of currency returned to Iran as a result of export

Business Materials 19 May 2019 15:14 (UTC +04:00)

Baku, Azerbaijan, May 19

By Elnur Baghishov – Trend:

Some $1.7 billion obtained as a result of export was returned to Iran’s economy during the second month of this Iranian year (started on March 21, 2019), Iranian Minister of Economic Affairs and Finance Farhad Dejpasand said.

To date, this figure has already exceeded $10 billion, Dejpasand added, Trend reports referring to the Iranian parliament’s website.

He added that if efforts are made, it would be possible to find the ways to return the currency to Iran.

It is not easy to return the currency in the current situation. There are some problems and obstacles, Dejpasand said.

The Iranian minister said that the Iranian Customs Service and Central Bank have the list in which the names of those exporting goods and not returning the currency to the country have been indicated.

The Central Bank will send this list to the Ministry of Justice.

In Iran, the official exchange rate is used for the import of some essential products.

The SANA system is a system announced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 166,396 rials, and the price of $1 is 147,078 rials.

NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from the sale non-essential goods and export. The price of 1 euro in this system is 102,578 rials, and the price of $1 is 101,918 rials.

In the black market, $1 is worth about 143,000-146,000 rials, while 1 euro is worth about 164,000-166,000 rials.

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