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CBI Discloses List of Cheap Currency Recipients

CBI Discloses List of Cheap Currency Recipients CBI Discloses List of Cheap Currency Recipients

The Central Bank of Iran on Sunday published the full list of companies that have received foreign exchange for imports at the preferential rate of 42,000 rials. 
The move comes after public demand for transparency grew louder when news emerged that some importers who received cheap currency have sold their products at market rates or even failed to import altogether without any valid reason. 
Most of the products are the ones that the government has deemed important enough to qualify for cheap currency amidst a bullish foreign exchange rates in the open market.  The list runs the gamut from legumes, meat and grains to home appliances, car parts and paper. 
Last week, Information and Communications Technology Minister Mohammad Javad Azari Jahromi for the first time disclosed the list of handset and mobile devices' importers who had received their foreign exchange at the official rate. 
 

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