A new government currency decision is in place

Feed: 2860 - Date: 5/26/2018 - Views: 310

The government is supposed to announce a list of exported goods soon on the basis of which the sales of the dollars obtained from their exports will be prohibited at a rate other than 4,200 Tomans. The names of traditional goods are bold on the list.

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According to Mehr News Agency, in pursuance of implementing similar currency exchange rate policy, the government has obliged the exporters to declare their exports and present the currency gained from the exports at the rate of 4,200 Tomans in the NIMA system. At present, the news implies that some of the goods are excluded from the plan, and the products which are being exported by the governmental companies and groups are highlighted on this list.
 
In an interview with Mehr News journalist, an official said, “The government is supposed to announce a list of goods whose foreign currency obtained from exports have to be sold at the rate of 4,200 Tomans in the NIMA system or banking network in the coming days. The names of many Iranian traditional goods are seen on the list, and some exports made by governmental and quasi-governmental company have been exempted.
 
He added, “This policy will cause the exporters to declare their statement less and will lead to the prevalence of some kinds of economic rents because some exporters who are permitted to sell their foreign currency obtained from exports at a higher rate will benefit from these conditions and pave their way to expand their exports.
 
According to this authority, by contrast, those items which are placed on this list will definitely be declared in less quantity at customs or their exporters’ incentive will be reduced, and the conditions for exports will be harder because the required raw materials for their production should be practically supplied on the basis of a free market dollar, and in return, their exporters should sell their obtained dollar to government at the rate of 4,200 Tomans.
 
According to Mehr News Agency, there are contradictory news about the list of products, and some say traditional products such as pistachios, saffron, carpets, and cattle intestines are on the list.

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