After reports that the Central Bank of Iran has allowed companies to import goods “without transferring foreign currency”, the CBI outlined the conditions for doing so.
The so-called import without the distribution of forex refers to an import method where companies can use their own foreign currency, inside or outside the country, for import.
In a message on its website, the CBI said it welcomes the method provided that importers determine the origin of their holdings in foreign currency.
According to media reports, the same method was common in the recent past for importing goods on which the government was unable or unwilling to open letters of credit.
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