Activists in the automotive industry and parts industry have been reluctant to import raw materials, relying on the currency of individuals, after low hopes for the auto industry and parts of the decision to import raw materials without transfer, which were denied only hours after approval. However, the Central Bank's decision does not specify whether the currency is the same as the export currency or the currency available abroad. However, component makers see this currency model as a lifeline for the parts industry.
Khodrocar - While the currency challenge has overshadowed the country's foreign trade, there have recently been ambiguities about imports in foreign currency. According to the current import procedure, different goods are divided into 4 different groups, and except for basic goods in group one, which use the currency of 4200 Tomans, more than 1500 items are in group 4 and their entry into the country is practically prohibited. But at the same time, commodity groups 23 to 27 are subject to the currency of individuals, and it is not yet clear whether the currency of individuals is the same currency that is exported and traded, or the existing currency of individuals abroad?
This is despite the fact that the use of people's currency was restricted last year; But it seems that this route has been used to provide foreign exchange for imports, thus opening a new route for imports, which the relevant agencies need to clarify in this regard.
In the current condition the only question is that could part makers replace the currency of individuals with NIMA currency or not?
"It has been possible to use this currency before, but the main problem is that exporters are preventing the currency from returning to the country's economic system.” Mohammad Shahpary, member of the board of part makers association told khodrocar reporter.
"In a situation where the NIMA currency is not available to parts manufacturers, the currency of individuals is considered and by determining its origin, it will be possible to use this currency for all economic actors, including parts manufacturers.” He added.
"To take advantage of this opportunity, the central bank has to inject the required currency into the market so that economic actors can buy the currency. In the meantime, what percentage of people have foreign currency resources that they can use?” he said.
"In this situation, the central bank is looking to consider its foreign exchange reserves, while with sanctions and lower oil prices, the central bank is considering allocating its existing resources to import goods, and parts manufacturers and industry car is in the next priority.” He said.
"Finding an exporter now faces several challenges because in some cases the exporter is on paper, which comes with risks. There is a lot of corruption in this now, and in some cases the exporter only bears the name without to have exports.” He continued.
Finding an exporter now faces several challenges because in some cases the exporter is on paper, which comes with risks. There is a lot of corruption in this now, and in some cases the exporter only bears the name without to have exports.