Economy Ministry Admits Failures of Binding Prices

EghtesadOnline: The Ministry of Economic Affairs and Finance is preparing a bill to disengage from the harm inflicted on the economy due to years of government-dictated prices on goods.

News ID: ۷۵۱۹۷۴

06 November 2022

“The law, on many occasions, holds the government responsible for compensating loss suffered [by producers] due to the mandatory pricing policy, which were unhelpful  and imprecise.

"Therefore, we see it as a duty to support businesses, producers and exporters whose profits were compromised or made losses,” Economy Minister Ehsan Khandouzi was quoted by SENA as saying.

Khandouzi said that the Economy Ministry and the government’s Economic Headquarters are determined to put an end to the defective practices. The focus is on eliminating government-imposed pricing systems.