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Central Bank of Iran reveals funds returned from exports abroad

Business Materials 27 July 2020 10:09
Central Bank of Iran reveals funds returned from exports abroad

TEHRAN, Iran, July 27

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A total of 108 Iranian export companies have brought back the foreign currency revenues worth $24 billion back to the country, the Governor of the Central Bank of Iran Abdolnasser Hemmati said, Trend reports via Mehr News Agency.

"The exporting companies include 36 petrochemical companies, 24 steel and mining companies and 48 other companies of various exporting fields," said Hemmati.

Hemmati said the mentioned amount was returned to the country in the past two years, which was some 70 percent of their revenues.

The official has suggested in a letter to Iranian President Hassan Rouhani to acknowledge these companies, since they have remained committed to the government's foreign currency policy.

The Central Bank of Iran has called on all exporters to return export foreign currency revenues back to its forex management integrated system (NIMA).

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