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Time limit for returning foreign currency to NIMA damages credibility of Iran’s traders

Business Materials 2 January 2019 11:29 (UTC +04:00)

Tehran, Iran, Jan. 2

Trend:

A member of Iranian parliament criticized the government’s three-month limit for exporters to return the foreign currency earned from exports to NIMA.

“Returning export revenue takes from one to five months,” Vali-Allah Dadashi told Trend. “The merchants of the region work using credits with each other and the government’s three-month limit damages the business relations.”

He went on to say that the government should think about another solution for this issue, so that the exporters do not see any hindrance and do not lose their credibility.

“Businessmen who have not entered their currency to the NIMA system are likely to face problems.”

“I believe the government should increase the time limit for returning the currency to more than three months in order to maximize the satisfaction of our traders,” said Dadashi.

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