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Essential Goods

  • EghtesadOnline: A total of 10 million tons of essential goods worth $5.5 billion were cleared from Iranian customs terminals in the first five months of the current fiscal year (March 21-Aug. 22), registering a 17% and 68% growth in weight and value respectively year-on-year.

  • EghtesadOnline: Imports of essential goods are underway at the southern Imam Khomeini Port.

  • EghtesadOnline: The Central Bank of Iran has supplied $5,542 million at the subsidized forex rate of 42,000 rials per US dollar for the import of essential goods since the beginning of the current Iranian year (March 21).

  • EghtesadOnline: Over 23 million tons of essential goods worth $12 billion were imported into Iran during the last Iranian year (March 2020-21), according to the spokesman of the Islamic Republic of Iran Customs Administration.

  • EghtesadOnline: The government will allocate $6 billion to import essential goods at the subsidized rate of 42,000 rials per dollar in the first six months of the next Iranian year (starting March 21), says First Vice President Es’haq Jahangiri.

  • EghtesadOnline: A total of 21.4 million tons of essential goods worth $10.84 billion were discharged from customs offices during the 11 months to Feb. 18, according to Rouhollah Latifi, the spokesman of the Islamic Republic of Iran Customs Administration.

  • EghtesadOnline: The Central Bank of Iran has provided $8.74 billion at the cheap foreign exchange rate of 42,000 rials per US dollar for importing essential goods since the beginning of the current Iranian year (March 19, 2020) to Jan. 31, 2021.

  • EghtesadOnline: The Joint Commission of Iranian Parliament has voted in favor of changing the foreign exchange rate for the import of essential goods from 42,000 rials to 175,000 rials per dollar, suggesting that the prices of essential imports should be set in accordance with the exchange rate prevailing in the so-called secondary FX market, known by its Persian name Nima.

  • EghtesadOnline: Atotal of 2.6 million tons of rice have been produced on more than 800,000 hectares of paddy fields across the country this year, showing a 10.34% decline compared with last year’s output, according to the Agriculture Ministry’s director general of Grains and Essential Goods Affairs Department.

  • EghtesadOnline: The government was allowed to tap into revenues gained from the export of crude oil, gas condensates and natural gas to allocate cheap foreign currency at the rate of 42,000 rials per US dollar to import essential goods as per the budget laws of the fiscal years ending March 2020 and 2021.