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Parliament Rejects Controversial Bill

EghtesadOnline: The parliament has voted against the bill obliging the government to streamline the distribution network for providing Iranian households with essential goods through consumer cooperatives, chain stores, guild units and related unions.
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Publish Date:10/September/2018 | 06:02

Iran - List of Subsidized Imports Gets Longer

EghtesadOnline: Seventy-five new items have been included among essential goods that can be imported by receiving foreign currency at the subsidized rate.
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Publish Date:05/September/2018 | 05:29

Hoarded Goods Worth $40m Confiscated in Tehran

EghtesadOnline: Essential goods worth 3.2 trillion rials (around $40 million) hoarded in nine warehouses of Tehran Province have been confiscated by police over the last week, the commander of Tehran’s Law Enforcement Force said.
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Publish Date:20/August/2018 | 06:44

Agro Export Ban Aimed at Controlling Profiteering

EghtesadOnline: Now that the government allocates subsidized foreign currency to imports of essential goods, their export seems to be uncalled-for, the head of Exports Promotion Directorate of the Agriculture Ministry said on Sunday.
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Publish Date:10/July/2018 | 07:03

Agro Export Ban Aimed at Controlling Profiteering

EghtesadOnline: Now that the government allocates subsidized foreign currency to imports of essential goods, their export seems to be uncalled-for, the head of Exports Promotion Directorate of the Agriculture Ministry said on Sunday.
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Publish Date:10/July/2018 | 07:03

Banks to Compensate Currency Needs for Essential Goods

EghtesadOnline: Iran’s First Vice President Es’haq Jahangiri on Wednesday sought to reassure importers that their currency requirements will be fully met by the government and spoke of the banking system’s new mandate.
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Publish Date:28/April/2018 | 05:07

Essential Goods Unloading Hit 5.2 Million Tons in Q1

EghtesadOnline: Corn had the biggest share of the unloaded goods during the three months with 2.43 million tons, registering a 22% rise compared with 1.99 million tons in the corresponding period of last year.
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Publish Date:02/July/2023 | 21:50

Commission Proposes Forex Rate Hike for Essential Goods Import

EghtesadOnline: The Joint Commission of Iranian Parliament has voted in favor of changing the foreign exchange rate for the import of essential goods from 42,000 rials to 175,000 rials per dollar, suggesting that the prices of essential imports should be set in accordance with the exchange rate prevailing in the so-called secondary FX market, known by its Persian name Nima.
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Publish Date:04/January/2021 | 18:24

Commission Proposes Forex Rate Hike for Essential Goods Import

EghtesadOnline: The Joint Commission of Iranian Parliament has voted in favor of changing the foreign exchange rate for the import of essential goods from 42,000 rials to 175,000 rials per dollar, suggesting that the prices of essential imports should be set in accordance with the exchange rate prevailing in the so-called secondary FX market, known by its Persian name Nima.
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Publish Date:04/January/2021 | 18:24

2.6m Tons of Rice Output Will Meet 85% of Demand

EghtesadOnline: Atotal of 2.6 million tons of rice have been produced on more than 800,000 hectares of paddy fields across the country this year, showing a 10.34% decline compared with last year’s output, according to the Agriculture Ministry’s director general of Grains and Essential Goods Affairs Department.
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Publish Date:13/December/2020 | 18:02

2.6m Tons of Rice Output Will Meet 85% of Demand

EghtesadOnline: Atotal of 2.6 million tons of rice have been produced on more than 800,000 hectares of paddy fields across the country this year, showing a 10.34% decline compared with last year’s output, according to the Agriculture Ministry’s director general of Grains and Essential Goods Affairs Department.
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Publish Date:13/December/2020 | 18:02

Sources of Financing Essential Imports Narrow in New Budget

EghtesadOnline: The government was allowed to tap into revenues gained from the export of crude oil, gas condensates and natural gas to allocate cheap foreign currency at the rate of 42,000 rials per US dollar to import essential goods as per the budget laws of the fiscal years ending March 2020 and 2021.
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Publish Date:26/November/2020 | 16:00

Sources of Financing Essential Imports Narrow in New Budget

EghtesadOnline: The government was allowed to tap into revenues gained from the export of crude oil, gas condensates and natural gas to allocate cheap foreign currency at the rate of 42,000 rials per US dollar to import essential goods as per the budget laws of the fiscal years ending March 2020 and 2021.
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Publish Date:26/November/2020 | 16:00

Third Subsidy Grant Program Rejected

EghtesadOnline: The Guardians Council–a watchdog that ensures laws are in line with the Constitution and Sharia–rejected on Saturday the Iranian Parliament’s so-called “supply of essential goods to households” proposal, also known as the “third subsidy grant program”.
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Publish Date:16/November/2020 | 14:47

Third Subsidy Grant Program Rejected

EghtesadOnline: The Guardians Council–a watchdog that ensures laws are in line with the Constitution and Sharia–rejected on Saturday the Iranian Parliament’s so-called “supply of essential goods to households” proposal, also known as the “third subsidy grant program”.
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Publish Date:16/November/2020 | 14:47