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Petrochem Industry Commended for Upholding Currency Repatriation Rules

Petrochem Industry Commended for Upholding Currency Repatriation RulesPetrochem Industry Commended for Upholding Currency Repatriation Rules

Petrochemical companies provided 20% of the foreign currency needed for importing goods in the past Iranian year, the Central Bank of Iran governor said.
"Nearly $29 billion was needed for imports, which was provided to importers despite mounting external pressures. Petrochemical companies provided 20% of the amount," Hemmati was quoted as saying by Shana.
Petrochemical companies also accounted for 53% of transactions in the secondary forex market (known locally as Nima), he said, adding that the sector could become an influential player in country's foreign trade. 

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