The government proposal to put an end to subsidized forex currency in essence means it wants the Majlis to accept allocation of more cheap currency, a lawmaker says.
Unofficial reports making the rounds in the local media Wednesday said that the Raisi administration has submitted a bill to the parliament calling for getting rid of the costly subsidy policies.
In mid-2018 the former government subsidized the scarce foreign currency for importing basic goods ($1=42,000 rials). This rate now is almost a seventh of the prices in the open market.
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https://financialtribune.com/articles/business-and-markets/111109/mp-disputes-reports-on-ending-forex-subsidies
2021-11-12 18:29:38Z
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