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President Calls for Trackable System in Forex Allocations

President Calls for Trackable  System in Forex Allocations
President Calls for Trackable  System in Forex Allocations

President Hassan Rouhani on Sunday instructed the Central Bank of Iran to improve transparency in allocating foreign currency for imports. 
“The CBI must make public data on forex disbursements and the financial commitments [of importers and exporters] in a transparent, precise and detailed manner,” Rouhani told a meeting of the Economic Coordination Headquarters.  
He made the call following some reports on “ambiguities surrounding” the fulfillment of currency obligations of both importers and exporters. 
It seemed he was particularly addressing companies who over the years took billions of subsidized currency to import basic and other goods. The Rouhani administration, the CBI in particular, are strongly criticized for the lack of accountability and transparency in earmarking forex to companies and state organizations involved in imports. 

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