Iran allows raw materials imports up to USD 300 mn without actual FX transferring!
Market News
– After Iran central Bank’s rigour regulations on Imports/Export activities, now cabinet members are to ratify a bill allowing imports of raw materials up to USD 300 mn from export currency resources (a clearing process) without the need to actually transfer FX inbound/outbound the country. This is to ease merchants minds from being forced to enter their trade proceeds into domestic FX markets (NIMA and SANA platforms).