Much of the "lost export currency" is in the hands of governments
Former Minister of Commerce: Most of the currency from non-oil exports that has not been returned to the country belongs to the public sector.
According to the International Iranian Stone Exhibition, Yahya Al-Ishaq stated that currency, like any other commodity, is subject to supply and demand, and we must see what the supply and demand characteristics are in this area. This is because the amount of Iranian oil exports has decreased significantly.
The economic activist continued: "Last year, the country's non-oil exports had a good growth, but this year, due to the outbreak of the Corona virus, this figure has decreased by about thirty to forty percent."
The head of the Iran-Iraq Joint Chamber stated that some of the money from non-oil exports has not been returned to the country and that various issues have been raised as to why. Six billion of it belongs to the private sector and twenty-one billion dollars to the public sector, and the central bank has not yet announced which sectors have this twenty-one billion dollars.
He said that in fact, the main non-return of foreign exchange from non-oil exports is related to government units, including petrochemicals, and maybe about six billion of it is related to the private sector, he said: the country's monetary, banking and trade policies also affect the situation. The country's economies are effective and influential.
The economic activist also complained about the instability of the laws in the field of exports and imports of the country and said: this instability in the laws has left its effects on the market.
* Tasnim
