IMIDRO’s Chairman of the Executive Board of Directors announced: Regarding the bilateral agreement of the Ministry of Industry, Mine and Trade and the Central Bank, the supply of foreign currency from the country’s metal chain exports will be operational in the second hall this week.(Quoting IMIDRO)

According to IMIDRO’s public relations, Mohammad Masoud Samiei Nejad noted: given the numerous meetings held with the colleagues of the Central Bank, in order to increase the competitiveness of the country’s metal chain, an understanding and agreement was reached so that part of the foreign currency resulting from the export of the metal chain be transferred to the Central Bank’s second hall.

According to the Deputy Minister of Industry, Mines and Trade, this measure was agreed upon with the aim of boosting sales and exports in the chain, increasing transparency in exports, returning foreign currency, and improving the business conditions of the country’s metal chain.

Samiei Nejad continued: referring the Ministry of Industry, Mine and Trade creating added value inside the country and increasing the attractiveness of exports at the end of the chain, the percentage of foreign currency transferred to the second hall increases according to the added value created, so that products with higher added value have more incentives for export.

He declared the metal chain export currency supply program last month, and it was due to the follow-ups of the Ministry of Industry, Mine and Trade.