92127
New Foreign Exchange Policy:  Exporters’ Savior or Bane?
New Foreign Exchange Policy:  Exporters’ Savior or Bane?
Monday, August 20, 2018

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
Monday, August 20, 2018

New Foreign Exchange Policy: Exporters’ Savior or Bane?

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:

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/Ah8n8d
08/20/2018
  1. https://goo.gl/wMoqUp
  • https://goo.gl/bfQ3B9
  • https://goo.gl/tiZYfn
  • https://goo.gl/rwAFZG
  • https://goo.gl/gYHjxN

You can also read ...

Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Iranian Ministry of Industries, Mining and Trade has released...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Iran Steel Exports Rise  27% to Over 4m Tons: ISPA (Mar-Aug, 2018)
A total of 4.13 million tons of finished and semi-finished...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...

Add new comment

Trending

Googleplus