BAKU, Azerbaijan, Mar.10
Trend:
The Iranian government continues to support the supply of necessary goods with preferential foreign currency rate and it is assured that the market would move toward balance, said the Iranian government spokesman.
"The government has held several meetings in this regard and we have witnessed the result over official foreign currency rate for import of necessary commodities during the review of the budget plan for new Iranian year (starts March 21, 2021) in the parliament," said Ali Rabiei, Trend reports citing ISNA.
"The elimination of official foreign currency rate of 42,000 rials per USD would unbalance the market and increase commodity prices and pressures low incomes, the issue has to be resolved and the government would continue its supportive policies by offering preferential foreign currency for import of commodities," he pointed out.
The Central Bank of Iran has provided a $10 billion preferential foreign currency rate for the import of necessary commodities in the current Iranian year (started March 20, 2020) and $6 billion has been projected for the import of necessary goods and medicine in the first six months of the new Iranian year. A total of $1.5 billion of the following sum is for the import of medicine and $4.5 would be used to import necessary commodities including raw vegetable oil and livestock feed.
"The warehouses are fully stocked and there is no problem. In regards to the production of sufficient feed and raw material have been provided to chicken farms although there is a problem in the distribution system and the Ministry of Agriculture is reviewing the issue to be solved," Rabiei added.
"The review of government incomes in past 11 months of current Iranian year indicate that it has compensated its budget deficit via export revenues, sale of its capital assets and assigning its financial assets and it has fulfilled 89 percent of the predicted budget. While the oil export revenue was limited by sanctions the government tax incomes were fully obtained and the government sold about $36 billion bonds," he noted.