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CBI: Iran aims at removing the foreign currency two-rate system

Wednesday, 10 April 2013

Mahmoud Bahmani, Central Bank of Iran (CBI) Governor, said that the reference (subsidized) foreign exchange rate will be removed; concerning the goods affected, he said, “We have certain plans for these goods that we will announce.” Mohammad Hossein Barkhordar, head of the forum for the import of goods said, “It was clear that the reference foreign currency rates would be removed, as it had already been predicted in the budget bill. However, the bill has not yet been approved, and no decision has been announced in this respect.” Barkhordar added, “It has been decided that the reference (subsidized) foreign currency rate should be closer to the rate of exchange foreign currency rate (determined at the stock exchange based on supply and demand, which is close to the free-market prices) and goods such as wheat, oil seeds, soy, animal and poultry food - which are priority one goods - should be importe../../../../css/d_at_a_rate_closer_to_the_exchanged_foreign_currency_rate.css; and the reference foreign currency rate should be removed for all other goods.”

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  • Published: 100 days ago on Wednesday, 10 April 2013
  • By: Iran Daily Brief
  • Last Modified: April 10, 2013 @ 1:35 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://isna.ir/fa/news/92012005961/%D8%A8%D9%87%D9%85%D9%86%DB%8C-%D8%AA%D8%A7%DB%8C%DB%8C%D8%AF-%DA%A9%D8%B1%D8%AF-%D8%A7%D8%B1%D8%B2-%D8%AA%DA%A9-%D9%86%D8%B1%D8%AE%DB%8C-%D9%85%DB%8C-%D8%B4%D9%88%D8%AF-%D8%AD%D8%B0%D9%81

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