MP Disputes Reports on Ending Forex Subsidies

The government proposal to put an end to subsidized forex currency in essence means it wants the Majlis to accept allocation of more cheap currency, a lawmaker says.
Unofficial reports making the rounds in the local media Wednesday said that the Raisi administration has submitted a bill to the parliament calling for getting rid of the costly subsidy policies.  
In mid-2018 the former government subsidized the scarce foreign currency for importing basic goods ($1=42,000 rials). This rate now is almost a seventh of the prices in the open market.