The new forex policy, announced last week by the Central Bank of Iran, which will partially remove the ceiling for the price of the dollar and allow more freedom for market changes, has sparked a great deal of controversies.
One such controversy was stirred by First Vice President Es’haq Jahangiri’s recent comment that the new policy would enhance the country’s export capacities, creating a unique opportunity for domestic producers to find new export markets and expand old ones.
To assess the Veep’s statement and clarify the effects of the new policy on exporters, the Persian weekly Tejarat-e-Farda interviewed Mohammad Lahouti, the chairman of Iran Export Confederation.
What follows is an account of the key points covered by Lahouti over the course of the interview:
August 19, 2018 18:41
0
New Foreign Exchange Policy: Exporters’ Savior or Bane?
Essential goods are in need of constant circulation while they are not included in the first group, which means production units or investors will have to increase their capital to two or three-times their original amount, a feat most of them may not be a
The government should only act as the market monitor and the forex rate should be managed flexibly, so as to prevent the accompanying rise and falls
Add new comment