$12 Billion Earmarked for Imports
$12 Billion Earmarked for Imports
Wednesday, May 30, 2018

$12b Earmarked for Imports Since Forex Rate Unification in Iran

Wednesday, May 30, 2018

$12b Earmarked for Imports Since Forex Rate Unification in Iran

The government earmarked a total of $12.28 billion to all import of goods and services at the unified rate of 42,000 rials during the first 45 days since it unified the US dollar's dual exchange rate, the latest data show.
Of the total earmarked volume of $12.28 billion, banks paid out $6.42 billion to applicants.

The reason behind the major discrepancy in the earmarked and paid amounts is that Nima is still working out the kinks and applicants have to wait to receive their required currencies.

The normal waiting period for applicants is...


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/rUKgnd
  1. https://goo.gl/j7a8yV
  • https://goo.gl/zSrAjr
  • https://goo.gl/wGwk88
  • https://goo.gl/ACgDuA
  • https://goo.gl/jf5NTK

You can also read ...

Gov’t Mulling Creation of Forex Open Market
The government has agreed to consider a business community...
Gioia Tauro, the port from where Gruppo Ventura shipped locomotives to Iran
From its headquarters in Calabria, the poorest, least-...
Samer al-Khalil
Syria is ready to establish a rail link with Iran through Iraq...
India Looks to Operationalize Chabahar by 2019
India is trying to make the strategic Chabahar Port in Iran...
No New Shopping Malls Allowed in North Tehran
Construction permits will no longer be issued for new shopping...
ICJ to Hear Iran’s Lawsuit Against US Over Frozen Assets
The UN's top court will in October hear a case brought by Iran...
Non-Gov't Public Entities Mandated to  Release Financial Reports by Parliament
Iranian MPs have voted to increase financial transparency of...
Smuggled Copper Ingots Seized
Customs officials at Khorasan Razavi Province’s Sarakhs, the...

Add new comment