The government is committed to meeting all hard currency needs, including the ones that exceed the current caps devised in the wake of the foreign exchange rate unification implemented last month, Government Spokesman Mohammad Baqer Nobakht said on Sunday.
"The government, as per its new forex policy, is determined that all exporters bring their earnings into the economic network and all importers receive their needs from the same place," Nobakht was quoted as saying by IBENA.
"As for those that receive currency for a particular reason like travelers who have extra needs and due to the fact that we recognize no other market as legal and official, we have an obligation to provide for those needs as well."
The decision to unify the dollar's exchange rate at 42,000 rials was made in the wake of a sharp slide in the value of rial in the early days of the current Iranian year that began on March 21.
May 06, 2018 19:57
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Gov’t Committed to Meet All Forex Needs
The government, as per its new forex policy, is determined that all exporters bring their forex earnings into the economic network and all importers receive their needs from the same place
The government acknowledges that some forex needs have not been envisioned by the new measures, but it has held meetings to identify and address those needs
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