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Big Exporters Delay Forex Repatriation

Big Exporters Delay Forex Repatriation
Big Exporters Delay Forex Repatriation

A total of 363 companies are responsible for the majority of the unreturned overseas export income, an official with Iran’s Trade Promotion Organization said.
“They have not repatriated forex income worth €11.1 billion or about 65% of the total unreturned money,” the TPO website quoted Ehsan Qamari as saying.
While the group is biggest to be in breach, it accounts for barely 1% of the total exporters. The defaulters are among big exporters whose export repatriation commitment is above €10 million. They comprise 79 production units and 284 non-manufacturing export companies.
“Defaulting manufactures account for €2.3 billion of the unfulfilled export repatriation commitment. The share of non-manufacturers is €8.8 billion,” Qamari said.  

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