BAKU, Azerbaijan, December 7. Iran has
suspended the availability of international forex for rice imports at a
preferential fee, Development experiences.
This was introduced by the nation’s Minister of Agriculture,
Gholamreza Nouri throughout a press briefing.
Beforehand, imports had been allotted $1 at 285,000 rials. Nouri
famous that shifting ahead, rice imports will comply with the change
fee set by the Iran Heart for Alternate of Forex and Gold
(ICE), reflecting the actual market worth of international forex.
Beforehand, this subsidy meant that 1 kilogram of Indian rice
was priced round 600,000 rials ($2.1), whereas 1 kilogram of
Pakistani rice value about 663,000 rials ($2.32).
To notice, knowledge from the Statistical Heart of Iran (SCI) reveals
that from October 23 by means of November 21, 2025, the value of 1
kilogram of imported rice reached $7, marking a 63% improve
in comparison with the identical interval final yr.
The official Central Financial institution fee stands at 648,000 rials per $1,
whereas the black market fee is about 1.2 million rials per $1.
Keep up-to-date with extra information on Development Information
Company’s WhatsApp channel
