Tehran, Iran, March 8
Trend:
Member of Iranian Parliament's Economic Commission Taghi Kabiri has announced that official figures published by the Central Bank of Iran indicate that some 15 billion euros worth of export revenues haven't been returned to the economic system of Iran.
Despite the report on the returned foreign currency for non-oil exports, especially petrochemicals, to Iran's Integrated System for Hard Currency Transactions (NIMA), official statistics indicate that large export companies of Iran are reluctant to bring their earned foreign currency back.
Pointing to the shortage of foreign exchange supply from exports to the banking system, Kabiri told Trend with some pressure some exporters have returned their earned foreign currency to the NIMA system.
"Due to lack of a strict and serious oversight mechanism on exporters, it would not be possible to expect a full return of currency to the country,” he noted.
Speaking of why the exporters try to evade return their earned foreign currency, he said that as long as there is big difference between the foreign currency rate in NIMA and the free market, the exporters will not be returning the revenues.
Kabiri believes that there should be a careful and consistent monitoring system from the beginning point of export to the end. He added that one of the solutions available to ensure the return of the currency is to obtain heavy guarantees from exporters.