89053
CBI Discloses List of Cheap Currency Recipients
CBI Discloses List of Cheap Currency Recipients
Monday, July 02, 2018

CBI Discloses List of Cheap Currency Recipients

Monday, July 02, 2018

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. 
 

Premium

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/ko9umz
07/02/2018
  1. https://goo.gl/wNMiSj
  • https://goo.gl/3hu92q
  • https://goo.gl/iZCchU
  • https://goo.gl/2SJVC5
  • https://goo.gl/Jp4UBE

You can also read ...

UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Stocks Return From Holidays With Strong Gains
Tehran Stock Exchange’s main index gained 3,209.53 points or 2...
Home Loans Surge by 19%
Latest figures disclosed by Bank Maskan, the agent bank of...

Add new comment

Trending

Googleplus