Disadvantages of car imports For the export of parts / $ 1.5 billion per year is required for car imports

According to Fars News Agency’s economic correspondent, Meysam Khosravi stated today in the “car import meeting” held at Amirkabir University of Technology in cooperation with the Research Center of the Islamic Consultative Assembly: There is.

The director of the monetary and banking group of the Research Center of the Islamic Consultative Assembly added: “Since the rumors of Trump’s departure from Borjam were raised in late 1996, the exchange rate has been on the rise, so The then government tried to prevent the exchange rate from rising by injecting about $ 18 billion in foreign exchange reserves into the market Of course, the exchange rate was not controlled and therefore, according to the decree of April 10, it was decided to allocate 4200 Tomans for the import of all goods, which also destroyed another part of the country’s foreign exchange reserves, and finally after April 1997, they concluded that It is not possible to continue with an open currency system that lacks currency controls.

He said: “Therefore, after that, the country’s currency control measures began, including organizing imports and restrictions on imports and closing the capital account, such as requiring the exporter to return the currency. These measures were prepared by August of that year and the outcome was that The import of some goods was banned due to currency restrictions.

Referring to the ban on car imports, Khosravi said: “Of course, the import ban was not related to cars and other goods were also banned from importing.”

The director of the Monetary and Banking Group of the Research Center of the Islamic Consultative Assembly stated: “Sanctions and weakening of the country’s balance of payments, part of which is actually due to imports and the most important part is in the capital account, due to the uncertainties in the country, some Iranian citizens prefer to acquire foreign assets, which means capital outflows, which, according to the Central Bank’s latest balance of payments report, we have a severely negative capital account.

He added: “Two factors have increased the exchange rate in recent months, and the announcement of the car import decree was one of these factors.” The preferred currency has a positive effect on the trade balance, as it reduces demand and generates incentives, and essentially reduces our foreign exchange expenditures, and what caused the exchange rate to rise is some negative news about the negotiations as well as the final trigger. The announcement of the car import ban struck because it creates $ 1.5 billion in new spending.

Khosravi said: “The currency that should be spent on car imports is the highest quality currency, and after the announcement of the car import decree, the upward trend of remittances began and spread to all markets. It is a country and we must export our highest quality currency.

He stated: “Of course, there is an argument that the model is proposed that the expenses and foreign exchange resources of this decree be zero, that is, be exported and imported from its currency, on which there are also discussions.”

Regarding the import of cars in exchange for the export of parts, Khosravi said: “This issue has problems, because basically the export of parts is not observable, because there is no single identifier for it.” If the first-class car is imported, its value is known, but the value of the second-class car import can be manipulated at customs.

In the continuation of this meeting, the secretary of the Association of Car Importers stated: A very interesting point was raised in Mr. Khosravi’s speech, which was very strange to me that Mr. Khosravi mentioned this point, the news of the car import decision increased the price of currency, If so, declare that car imports will not take place until the exchange rate falls and the minimum prices of other goods fall.

Mehdi Dadfar stated: The maximum amount of currency devaluation in the last 10 years has been $ 2 billion, which is one to 3% of the total import value.

He added: “Since we do not want to import cars, we make thousands of arguments for it.”

“$ 1.5 billion is needed to import a car a year, but the damage from injuries, deaths from accidents and the deaths of breadwinners from a low-quality domestic car is much more than $ 1.5 billion,” Dadfar said. It causes damage.

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