Iran banned the export of around 50 basic goods, including wheat,
flour, sugar, red meat, and aluminum and steel ingots to preserve supplies of
essential items in the face of tightening Western sanctions. (Mehr News Agency,
30 October)
The ban also includes the re-exportation of goods imported with
government-subsidized dollars, a major source of corruption due to
multi-layered currency rates. The government provides dollars at a rate of
12,260 rials each to importers of basic goods, and they could turn around
and sell them at open market at the rate of around 33,000 rials or re-export
them at that rate.
Iran has no control over economic activities of its citizens. It's like a wild west out there.
ReplyDeleteslap half a hundred citizens in prison for engaging in prohibited economic activity and quite a few amateur speculators will be deterred.
ReplyDeleteRegime Bans Breathing,LOL!
ReplyDelete