The four main reasons for the return of foreign exchange from exports

The four main reasons for the return of foreign exchange from exports
  • 2020-06-24
  • .
Chairman of the Export Confederation of Iran: There have been four main reasons and problems for the non-return of foreign exchange from exports.

According to the International Iranian Stone Exhibition, Mohammad Lahouti said: "Since 1997.1.22, exporters have been obliged to return the currency from exports to the country's economic cycle. Although there were some problems in the beginning, but by solving these problems in the Foreign Exchange Committee, the Central Bank In the middle of last year, he expressed satisfaction with the return of foreign exchange from exports.

The head of the Iranian Exporters' Confederation stressed that all exporters are obliged to return the foreign exchange earned from exports due to their commitment to customs, adding: "But for various reasons, including the problems of exporters in Iraq and Afghanistan, some abuses are possible."

Referring to the problems of exporters in Iraq and Afghanistan, he said: "Due to the inefficiency of the banking system, it is practically impossible to transfer currency in these two countries in the Nima system, and the use of exchanges in currency transfer is costly for exporters." 

Lahouti pointed to other reasons for the non-return of foreign exchange from exports and added: "Part of the currency that has been returned to the country is related to temporary import goods that were imported before the date of 91.1.22 as temporary entry into the country, but because it is still The non-assignment is considered by the central bank as a foreign currency debt.

He added: "Some exporters and production units have also returned their export goods, but these people are still considered as foreign currency debtors."

The head of the Export Confederation of Iran said: "Other reasons for the non-return of foreign exchange from exports include fixed and rental business cards, which are exported by these cards, but the users of these cards do not have foreign existence and practically return the currency to the country." It can't be.

"We have no control over the issuance of business cards," Lahouti said.

"Business card holders can import or export any product," he said. "Business cards must be specialized, and membership in organizations can be effective as verifying and determining the competence of the producer or exporter."

Lahouti added that in the past year and a half, about 7,000 business cards have been issued that have paid large sums of money for export, while in order to prevent violations, these cards must have export restrictions. To be determined.

The head of the Iranian Export Confederation said: "Why, after a year and a half, it is announced that two hundred and fifty people have violated six and eight billion euros, while they should have been dealt with sooner?"

He said that the price of Nimayi currency is in the hands of the exporter, but there is no buyer for it because the big exporters offer their currency in the system at very low rates.

* Fars