The pace of currency transfers has slowed due to sanctions
Director General of Foreign Exchange Operations and Commitments of the Central Bank: The statistics that we announce at the Central Bank are realized statistics and are related to "foreign exchange supply". I emphasize that "providing currency" means a number that has been achieved and the rial has been received from the importer, and in return, its currency has been paid to the importer.
According to the International Iranian Stone Exhibition, Shiva Ravoshi, Director General of Foreign Exchange Operations and Commitments of the Central Bank, while referring to the decisions of the government's economic headquarters on providing foreign exchange for basic goods, said: Currency classification and saving is determined at the beginning of this year by the government's economic headquarters and has been notified to the ministries in charge of imports (the Ministries of Silence, Jihad, Agriculture and Health) and the Central Bank for implementation.
He estimated the ceiling for the import of basic and essential goods during 1399 at $ 8 billion and said: "Of this amount, $ 5.5 billion for the import of items under the supervision of the Ministries of Industry and Agricultural Jihad and $ 2.5 billion." Intended for medicine and medical equipment. It was also decided to provide $ 5 billion out of a total of $ 8 billion in the first six months of the year. Fortunately, the central bank has been able to provide more than $ 5.3 billion in foreign exchange in the first half of the year, to date.
"Even with the outbreak of the coronavirus and the requirements set by the Ministry of Health and Medical Education for the import of some items, more foreign exchange has been provided than the initial $ 1 billion," the central bank official said.
The Director General of Foreign Exchange Operations and Commitments considered the selection of items in the specialty and authority of the Ministry of Industry or relevant ministries and specified: These items are related to the requirements of the industry, different provinces and production capacity. These cases are reported to the Central Bank by the Ministries of Industry, Mines and Trade, Ministry of Health and Medical Education, and Agricultural Jihad. So far, about $ 1.440 billion has been raised for corn, $ 509 million for meal and $ 714 million for oilseeds.
"At the same time, foreign exchange earnings have decreased and the speed of transfer to the accounts from which we buy and have to deposit to countries has also slowed down," Raushi said. But the statistics that we announce in the Central Bank are realized statistics and are related to "foreign exchange supply". I emphasize that "providing currency" means a number that has been achieved and the rial has been received from the importer, and in return, its currency has been paid to the importer. Accordingly, the percentage of these collaterals may always be slightly lower due to the slow transfer and suspension that occurs after the payment order to the foreign beneficiary account due to time constraints.
Ravoshi said that the government's goal in implementing the 4200 Toman exchange rate policy is to help people's livelihood and said: "We believe that all people involved in this process, including relevant ministries, intermediaries, producers and importers, should be sensitive to each dollar of this currency." Consider it a trust of the people. Of course, the ultimate goal of this policy is to provide goods to the people quickly and cheaply.
