$8b Saved by Cutting Customs Formalities
Economy, Domestic Economy

$8b Saved by Cutting Customs Formalities

Customs clearance formalities now take three days, down from the previous 26 days, which has reduced costs by 280,000 billion rials (around $8 billion at market exchange rate), IRNA quoted Masoud Karbasian, the head of Islamic Republic of Iran Customs Administration, as saying on Tuesday.

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