Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Related Articles
President Ebrahim Raisi said on Sunday that there should be mechanisms to expand and facilitate non-oil exports and bring back proceeds to the domestic economy.
Speaking during a session of Economic Coordination Headquarters, Raisi pointed to currency obligations arising from exports, saying that barriers against fulfilling these obligations should be removed.
He said that barriers against export activities should be identified and removed to encourage the expansion of exports.
Legal action should be taken as the last resort in enforcing exporters to fulfill their currency obligations, Raisi underlined, adding that the priority is to use a non-coercive mechanism as much as possible.
By designing a collateralized system to provide exporters with their foreign currency demands, they can be enforced to fulfill obligations without taking legal action, the President explained.
