The currencies transferred to Qatar are used to import basic goods
According to the report of Iran Economist, Mohammad Aram Baniyar, in response to the questions and requests raised by the members of delegations and managers of economic organizations, stated: Except for petrochemical and steel groups, the central bank for other commodity groups has no restrictions regarding the return of currency through import from No place other than export currency has been applied.
He continued: The Central Bank’s opinion on the allocation of currency related to medicine and food is completely dependent on the opinion and priority announced by the institutions related to these two sectors. Regarding the allocation and supply of new currency, openings have been made in TBI Bank of Iraq and Halkbank of Turkey.
Central Bank Foreign Exchange Vice President added: Providing foreign exchange for the import of animal medicines is the first priority of Central Bank. Applicants for machinery from abroad can place an order from their currency.
Aram Baniyar emphasized: One of the solutions to reduce the demand and reduce the time of foreign exchange allocation is to create mechanisms such as paying attention to the ceiling and import history of the applicant with the cooperation of the Ministry of Security and giving priority to manufacturing companies. Importing without specifying the origin of the currency is prohibited in the Law on Combating Smuggling of Goods and Currency; Importing without transferring currency is not a problem for those who have foreign exchange resources, but it will not be possible if importing without transferring currency leads to economic operators turning to the free market and increasing demand in the market. In any case, the central bank is responsible for controlling the inflation rate in the country and should also pay attention to the factors that increase the inflation rate.
The vice president of foreign exchange of the Central Bank stated: It should be noted that the country is under embargo and the exchange rate cannot be limited to one or two rates. Now the central bank recognizes the rates of 28 thousand 500, the rate of 37 thousand 500 and the electronic exchange rate of ETS currency which is equivalent to 41 thousand tomans.
He continued: According to the agreements made, the exchange rate for foreign investors to leave the country is supposed to be the ETS rate plus 10%. The currency return mechanism in the agricultural sector can also be done through clearing. Regarding dry fruits, a rate has been announced that we have not yet reached an agreement with the relevant association.
Aram Baniyar added: The problem of many of those who had to pay their obligations since 1397 has been resolved, but those who received 4,200 Tomans and their goods are subject to pricing and also sold their goods must pay off their obligations. Of course, some of these cases are included in the difference.
The Central Bank’s foreign exchange deputy stated: The currencies transferred to Qatar are used to import basic goods. For Central Bank, there is no difference between government and private sector imports, but if there is a difference in this sector according to the Ministry of Jihad and Agriculture and the Ministry of Health, they should announce their approach to Central Bank.
He added: “The central bank has done the matters related to its security and it has been welcomed by the other side, but the overall responsibility of this department is with the Ministry of Economy.” In any case, we need to solve this problem for some transactions, including the opening of LC.
Aram Baniyar emphasized: A credit line worth 30 Hamats has been established for the import of medicine and medical equipment. Importers of shoe raw materials can use the foreign currency of export. The amount of currency allocation and supply will be better in the second half of the year; In such a way that the allocation will be done within 30 days and of course it is possible to extend the period by one month to reach the balance point.
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