EghtesadOnline: The controversial plan allocating cheap foreign currency for import will continue in the next fiscal year (starting March 20).
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 Import Price Index, a relative indicator measuring the overall changes in prices of imports of merchandise into a country (using the new base year of 2016-17), stood at 1330.1 in the last Iranian year (March 2019-20) when measured in terms of the rial, registering a 295.2% increase compared with the year before.
EghtesadOnline: A total of 4 million tons of essential goods were imported during the 10 months ending Jan. 19, an official with the Government Trading Corporation of Iran said.
EghtesadOnline: Iran currently imports close to $100 million worth of raw materials, spare parts and equipment to manufacture elevators per year, which is half the amount imported in the fiscal 2018-19, according to the head of the National Elevators, Escalators and Related Services Union.
EghtesadOnline: The abolition of the 42,000 rials per dollar exchange rate for the import of essential goods recently approved by Majlis Joint Commission is bound to increase inflation, says the head of Plan and Budget Organization.
EghtesadOnline: The government has decided to import about 2.3 million tons of wheat during the course of the current crop year (September 2020-21) to replenish its strategic reserves, according to the head of the National Wheat Farmers Foundation.
EghtesadOnline: President Hassan Rouhani on Sunday said he is hopeful that the first shipment of Covid-19 vaccine will arrive in Iran over the next few weeks.
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: Head of the Iran-Switzerland Chamber of Commerce says the Swiss trade channel, known as the Swiss Humanitarian Trade Agreement (SHTA) can be used to remove hurdles to import vaccines to fight Covid-19.