TEHRAN (Iran News) – Head of Plan and Budget Organization of Iran said Sunday that Iran’s budget for the next fiscal year still defines the exchange rate for importing basics remains at 4200 tomans to $1. Mohammad Bagher Nobakht said the draft of the country’s budget for the next fiscal year was submitted to the […]
TEHRAN (Iran News) – Head of Plan and Budget Organization of Iran said Sunday that Iran’s budget for the next fiscal year still defines the exchange rate for importing basics remains at 4200 tomans to $1.
Mohammad Bagher Nobakht said the draft of the country’s budget for the next fiscal year was submitted to the government on Sunday.
He dismissed rumors that the government was going to increase the exchange rate for importing basics at 42000 rials to $1 by unifying the official and the free market rates in the next year’s budget, adding “Mr. President has ordered that all basic and staple goods for the next year be imported with the official exchange rate of 42000 rials.”
He then stressed that the country is in good conditions regarding its foreign exchange reserves.
Nobakht said that the Budget Bill for the next Iranian calendar year (to start March 21, 2020) will be submitted to the Parliament (Majlis) on Dec. 6.
In response to the question on “how many crude oil barrels will be exported from the country according to 2020 Budget Bill and/or whether $14 billion worth of budget will be considered again for importing basic commodities into the country”, he stated, “these issues have yet to be finalized and will be reported if they are finalized.”
- source : MNA, Irannews
