Iran stops cheap USD to importers

Azerbaijan, Baku, Apr.23/ Trend F.Karimov/ Iran has stopped offering dollars at the official rate of 12,260 rials to importers, ISNA reported. All the goods which had been categorised into 10 priority groups will be offered dollars at the Forex Centre rate, which is currently about 24,570 rials. Except for wheat, barley, corn and soya bean, other goods should be imported using the Forex Centre rate dollar. During the past 20 years, the Iranian government has adopted different policies toward importation. On November 9, the Ministry of Industry, Trade and Mine announced that imports of 77 items of luxury goods, categorised into ninth and 10th priorities had been banned. However, a few days later the ban was lifted from certain goods such as computers, cell phones and cars. The government of President Mahmoud Ahmadinejad divided imported goods into 10 categories according to priorities based on which the official dollar rate of 12,260 rials will be allocated for importing the first and second priorities, while the third to seventh priorities will be allocated dollars at the Forex Centre rate and the goods of the eighth to the 10th priorities should be imported using the free market dollar. Dollar is sold at 35,900 rials in Iran's free market today. Do you have any feedback? Contact our journalist at agency@trend.az