Exporters Want Changes in CBI’s Forex Repatriation Rules

Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the government to revise stringent rules guiding repatriation of overseas earnings by non-oil exporters.    
Pointing to exporters’ difficulties in repatriating earnings as required by rules of the Central Bank of Iran, Gholamhossein Shafiei warned that “sticking to past methods will eventually hurt non-oil export”. 
“If previous procedures are perpetuated, major exporters will simply walk away and will be replaced by others… this will undermine the non-oil export,” he was quoted as saying by the chamber’s news website.