Gov’t Eases Income Repatriation Rules for Defaulting Export Firms

The Central Bank of Iran in collaboration with the Trade Promotion Organization has agreed to further ease procedures for exporters who failed to repatriate their overseas income in the past three years. 
The new decision, announced by the CBI, covers mainly unreturned rial income of goods sold to neighboring countries plus small export firms. 
Exporters in 2018-19 and 2019-20 can use one or more of the facilitative measures announced in 2021 to help increase money repatriation and meet their delayed financial commitments.