Atotal of $64 million worth of handmade carpets were exported from Iran in the fiscal 2021-22, registering a 10% decline compared with the year before, according to the head of Iran National Carpet Center.
The decline in exports had three main reasons, Farahnaz Rafe’ also told IRNA.
“The first is the fact that exporters are obliged by the Central Bank to repatriate their foreign currency earnings from exports and sell them at lower rates than market prices to the bank, which effectively discourages traders to embark on exports under the circumstances,” she said.
“The second reason is the Covid-19 pandemic and the third is economic sanctions that further complicate trade.”
