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Iran prohibits exports of gold, coins without Central Bank's license

Iran Materials 31 October 2012 13:54 (UTC +04:00)
Iran has prohibited exports of gold and golden coins from the country, without the license issued by country's Central Bank, Mehr reported.
Iran prohibits exports of gold, coins without Central Bank's license

Azerbaijan, Baku, Oct. 31 /Trend S.Isayev, T. Jafarov/

Iran has prohibited exports of gold and golden coins from the country, without the license issued by country's Central Bank, Mehr reported.

Deputy Director of Iranian Customs' Technical Department Mohammad Rza Naderi said that because of exchange rate fluctuations at Iran's markets, it has been decided to ban the export of gold to other countries.

All of Iran's customs have been notified of the ban, so that no gold or gold coins would be exported from Iran without proper license from the Central Bank, Naderi said, adding that gold export from Iran should be going through strict control.

Speaking of agricultural sector, Naderi said that at the moment there is no shortage of agricultural products at Iran markets.

Yesterday, Iranian protection of consumers and producers society sent a letter to the country's Ministry of Commerce, asking it to put ban on exports of some 50 items, which include food, chemical, industrial materials and so on.

In July, under the tightening international sanctions, Iran has started to stockpile emergency-first products, as part of country's implementation of "economy of resistance".

The stockpiled products included both domestic ones, and those imported from other countries.

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