EghtesadOnline: The government will not change its current policy to subsidize imported essential goods and food up until next March, the government spokesman said.
EghtesadOnline: The Industries Ministry has no plan for now to distribute essential goods via electronic coupons, the deputy minister for domestic trade said.
EghtesadOnline: Rationing of essential goods is a less corruption-inducing approach in the current economic situation facing Iran, says Mostafa Hashemitaba, a veteran politician who served as industries minister for three years during the 1980-88 Iraq-imposed war.
EghtesadOnline: Governor of the Central Bank of Iran says the subsidized foreign currency programs for importing essential goods has failed to achieve the desired results due mainly to the dysfunctional distribution systems.
EghtesadOnline: Head of the Plan and Budget Organization says the government is weighing three options on allocating $14 billion for importing essential goods in the next fiscal that starts on March 21.
EghtesadOnline: In a report to the decision-making Money and Credit Council, the Central Bank of Iran outlined the effects of subsidized foreign exchange on the price of essential goods and food.
EghtesadOnline: The Central Bank of Iran is going to launch a mechanism for tracking forex allocated to the import of essential goods to ensure importers fulfill their commitments for which they acquired foreign currency, the CBI governor said.
EghtesadOnline: S ugar cubes, tomato paste, rice, fish, eggs and many other products categorized by the government as “essential goods”, importers of which get subsidized foreign currency, are now popping up in shops of neighboring countries.
EghtesadOnline: Close to €22 billion was allocated by the Central Bank of Iran for import of essential goods during the first nine months of the current fiscal (March 21- December 21).
EghtesadOnline: The rise in the retail prices of goods that used the government’s subsidized foreign currency at a rate of 42,000 rials per US dollar (about three times cheaper than the market rate) was no less than in other consumer goods.