Iran: Ending Forex Subsidy Policy Is Put on Hold

The government has delayed the plan to eliminate forex subsidies for basic goods, the Economy Minister Ehsan Khandouzi said.
"The government initially decided to move towards ending the allocation of subsidized forex due to its negative impact on domestic production. However, the plan has been postponed after the parliament voted against it," Khandouzi was quoted as saying by Tasnim News Agency.
Subsidized currency is highly influential in the type of goods imported into the country and those produced locally, he added.