Buying mining equipment is difficult
Chairman of the Mines and Mining Industries Commission of the Iranian Chamber of Commerce: The development wing of the country is exports, and this is not possible unless we can establish banking and financial relations with the world.
According to the International Iranian Stone Exhibition, Bahram Shakoori said about the impact of accepting or not accepting the FATF on the country's mines: "We were affected by sanctions and each of these sectors was under additional pressure on this issue." FATF is transparency in banking transactions and today it happens inside the country. The central bank monitors where the money comes from and where it goes. So I think in practice we follow the FATF rules.
He added: "Even in private companies, a person should be appointed to prevent money laundering, cash should not be transferred, and most transfers should be through accounts." Checks can no longer be written on the bearer's face, which means we are moving towards transparency. FATF is the same, banks and consequently countries can trust each other, which in another country also pays attention to the source of money so that dirty money enters the cycle. Do not, so the FATF is not a bad thing.
The head of the Mining Industries Commission of the Iranian Chamber of Commerce said: "We must follow the FATF, maybe today it is only our country and North Korea that we do not follow." If we want to establish our banking relationship with the world, we must also accept global laws.
He added: "It seems that with this view, once again the issue has been raised in the Expediency Council, which must be agreed to and will be cut off for sure." One wing of the country's development is exports, and exports are not possible unless we can establish banking and financial relations with the world. Our vision for the future is to be able to connect with the countries of the world, especially the countries of the region, and trade, gain market share and increase it. All of this requires having the necessary tools, one of which is monetary and financial tools. The FATF can help establish this relationship in a healthy and transparent manner with other countries.
Shakoori also clarified: In the mining sector, the export, import and purchase of equipment has encountered problems despite financial and banking problems. If the banking connection is established with the world, the mining sector will also naturally benefit. The fact that we can not even open the door has made our dealings risky. When we sell a product and have to pay for it in cash, both parties take risks and this reduces the price of the product.
Comparing the situation of Iran and its competitors for the sale of its mineral products, he said: When a foreign buyer wants to buy the product of our mining sector, he sees that the situation is different in our rival countries such as Turkey and can open the LC with much less risk. , Buy the same product more securely and pay for it, and can even convert it to a six-month or one-year usufruct and sell the product at a higher added value, pay the bank money, and withdraw its profits. In such a situation, it is not wise to buy from us. If it wants to do so, because of the higher risk and cash payment, it takes interest and risk percentage and buys our product, assuming it is 30% lower than the world price. Naturally, the producers in this field lose.
* ILNA
