Car Imports Remain at Zero in Iran

Car Imports Remain at Zero in IranCar Imports Remain at Zero in Iran

Informed sources say the ban on auto imports introduced in June by the government will be extended to the next  fiscal year that begins in March.
President Hassan Rouhani will present next years’s budget bill to Parliament this week. According to an unnamed source, “In the budget bill, the government has set its income from auto imports at zero. This means that it has decided to extend the car import ban into the coming year,” the Persian-language economic daily Donya-e-Eqtesad reported.
Following US President Donald Trump’s decision in May to pull out of the historic Iran nuclear deal and re-sanction Tehran, the rial tanked and its value plunged to unprecedented lows. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment