Financial Tribune - The Central Bank of Iran has obliged importers who use subsidized currency to sell their goods via a transparent distribution network, according to a CBI official. Commitment of importers regarding the foreign currency they use for importing essential goods is fulfilled only if and when they supply the goods via a verifiable ...

Iranian motorists will see a monthly allotment of 60 liters of subsidized gasoline canceled from Tuesday. The government is struggling to furnish monthly cash handouts to every Iranian, which is a legacy of former President Mahmoud Ahmadinejad after he scrapped subsidies and introduced a system of compensation. Under the program, Iranians driving ...

Tehran, Oct 6, IRNA Minister of Industries and Mines Mohammad-Reza Nematzadeh said in Tehran on Monday that government has earmarked rls 12 trillion subsidies to the industries and mines sector. Nematzadeh said on the sidelines of the 14th International Industries Exhibition that industries sector is expected to gain 10 percent growth by end of the ...

TEHRAN Mar 17 (Shana): The director of public relations of Irans Petroleum Ministry has said this ministry is only tasked with implementing the subsidy regulation plan. Akbar Nematollahi said the ministry does not take any decision about the subsidization plan. When there is any word about fuel, everyones mind is set on the Petroleum Ministry and ...