Subsidies for Import of Wheat, Medicines to Stay Until March

The government may decide to remove certain commodities from the list of imports entitled to subsidized dollar at the rate of 42,000 rials, but it is certain that wheat and medicines will remain in the list until the end of the current fiscal year (March 2022), says the head of parliament’s Budget Reform Committee, Mohsen Zanganeh.
The statement came after the Iranian Parliament last week opposed the double-urgency motion on the elimination of subsidized dollar for importing essential goods, adding it to the parliament’s future schedule. 
Lawmakers opposing the cessation of payments of cheap subsidies to importers at the rate of 42,000 rials per US dollar believe that with the inflation rate standing above 45% and prices of some medicines going through the roof, the move would inflict another shock to the economy.