Iran implements new move to support its auto industry
In order to support its struggling auto industry, Iran has decided on a new move and will start implementing it starting from today. The country's central bank will allow the auto industry companies to purchase foreign currency by an official rate of 25,500 rials per each USD, the official IRNA news agency reported on April 24. Iranian carmakers, while manufacturing the cars inside Iran, still need to import certain raw materials from other countries, which, in most cases, accept only USD. Previously, the carmakers in Iran had to purchase ...
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