Gov't Mitigates Forex Rules for Exporters

April 8, 2021

T he Government Economic Coordination Council has expanded the purview that allows exporters to meet their forex repatriation commitment via 'import in lieu of export'.

According to Hamid Zadboum, head of Iran's Trade Promotion Organization, export companies can benefit from the new rules in meeting their financial commitments related to returning their foreign earnings.

The new decision allows exporters to use part of their foreign earnings from fiscal 2018-19 to import goods either for their own needs or for a third party.


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