Iranian government urges exporters to spend their foreign currencies inside the country
This has also result in shortage of foreign currencies and accordingly Iranian Rial has lost its value against other currencies including but not limited to US Dollar, Euro, GBP and etc. At these hard conditions the Iranian government urged the local exporters to spend their foreign currencies inside the country to address this fatal problem.
Anup K. Pujari, Director-General Foreign Trade, Union Ministry of Commerce, said here on Monday that the government had created a mechanism whereby payments for exports from India to Iran could be made in Indian rupees instead of convertible currency such as American dollars and Euros.