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Subsidized Forex Policy Under the Microscope

Subsidized Forex Policy Under the Microscope  Subsidized Forex Policy Under the Microscope

The High Council of the Economic Coordination will convenes on Thursday to decide the fate of the highly controversial subsidized forex policy for importing essential goods, said an official associated with the council. 
The council is an ad-hoc decision-making body set up at the behest of the Leader Ayatollah Seyyed Ali Khamenei to address major economic issues. 
Amir Bagheri said the government faces two options  with regard to the forex subsidies and President Hassan Rouhani is due to make the final decision on Thursday.  
The first supports the perpetuation of the existing subsidized forex policy, albeit, with some tweaks. “In this setup currency will be allocated only for importing limited [essential] goods,” IRNA quoted him as saying. 

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