The central bank has not heeded the concerns of the private sector
In a letter to the President, the Minister of Industry criticized the recent directive of the Central Bank, saying that this directive contradicts the communiqué of the Vice President for Economic Affairs and ignores the concerns of economic activists.In this letter, Razm Hosseini has asked Hassan Rouhani to issue an order to review this circular and also to coordinate the issuance and communication of all regulations, by-laws and directives in the field of foreign trade with the Ministry of Industry.
According to the International Iranian Stone Exhibition, Alireza Razm Hosseini wrote in a letter to President Hassan Rouhani: "Following the decisions of the 177th meeting of the government's Economic Coordination Headquarters, which was announced by the Vice President for Economic Affairs on November 26, the preparations for removing most of Problems facing the community of foreign trade activists (exporters and importers) in the field of fulfilling foreign exchange obligations with the aim of providing the currency needed to import basic goods, essential goods, raw materials and production equipment has provided. "While welcoming the Iranian Chamber of Commerce, Industries, Mines and Agriculture, the Iranian Chamber of Cooperatives and the Chamber of Trade Unions as representatives of the private sector shows serious determination to achieve the predetermined goals of quantitative and qualitative development of non-oil exports and targeted management."
In the letter, Razm Hosseini referred to a recent circular issued by the Central Bank, which was issued on November 20, and set a deadline of two months from the date of issuance of the foreign exchange remittance headquarters until the issuance of the foreign exchange declaration. According to him, this is in contradiction with the previous directive of the Central Bank, which had set this time at a maximum of 8 months due to the spread of the Corona virus.
In a part of the letter of the Minister of Industry, Mines and Trade to Rouhani, it is stated: "According to this circular, the deadline for presenting the customs license for the entry and final clearance of goods has been set at a maximum of 45 days. Due to the problems related to currency transfer due to the issue of sanctions, this issue creates restrictions for the import of basic goods, essentials, raw materials and production equipment required by production-export units, and as a result production, employment and finally non-oil exports and currency "It will overshadow it."
In another part of this letter, the dissatisfaction and concern of the private sector is mentioned and it is stated that this issue is in line with the solutions considered in the resolution of the Economic Coordination Headquarters regarding accelerating and facilitating the supply of foreign exchange for exports for import based on goods prioritization. This ministry is not compatible.
Razm Hosseini's dissertation states: If approved by the Ministry of Industry, Mines and Trade as the head of foreign trade, please review the circular, issue and communicate all regulations, by-laws and directives in the field of foreign trade in coordination with the Ministry of Industry, Mining and trade; In this case, the expert opinions of all groups and the concerns of private sector economic actors are taken into account.
"On December 7, the Foreign Exchange Committee of the Iran Chamber of Commerce and Industry issued a statement referring to the special decision of the Government Economic Coordination Headquarters to allow foreign exchange of exporters and importers, emphasizing that the issue of applicant's currency should be separated from imports without foreign exchange." It is operational and possible only if the exporters had no obligation to return the currency to the country.
"While the issue of returning export currency to the economic cycle has been operational since April 10, 2016," imports without currency transfers "have been practically eliminated," the Iran Chamber of Commerce and Industry Committee said in a statement.
The committee also referred to the ambiguities raised by some experts about the effect of "import in foreign currency" on the exchange rate, explaining: "Based on the estimates of the Chamber and expert studies, there has been no demand for new currency in the market. ; Because in the current situation where the country's traders are looking for ways to overcome the sanctions and foreign sellers do not accept the risk of providing the goods to Iranian traders in cash, in practice, the currency needed to import the goods at the time of purchase and before "The shipment of goods has been settled."
* ILNA
