{"id":3561,"date":"2022-05-17T13:25:45","date_gmt":"2022-05-17T08:55:45","guid":{"rendered":"https:\/\/iccci.ir\/en\/?p=3561"},"modified":"2022-05-17T13:25:46","modified_gmt":"2022-05-17T08:55:46","slug":"carpet-exports-hit-hard","status":"publish","type":"post","link":"https:\/\/iccci.ir\/en\/carpet-exports-hit-hard\/","title":{"rendered":"Carpet Exports Hit Hard"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The specialized commission for carpets, handicrafts and tourism of Iran Chamber of Cooperatives is petitioning the government to repeal the Central Bank of Iran\u2019s export revenue repatriation policy, Abdollah Bahrami, the head of the commission, said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe policy, approved in the fiscal 2019-20 by CBI, has destroyed the motivation of carpet-weavers and exporters for making endeavors; the directive has stalled carpet industry over the past three years, reducing exports to $50 million per year,\u201d he was quoted as saying by ISNA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CBI mandates all exporters to repatriate their foreign currency earnings from exports and sell them at lower rates than market prices to the bank, which discourages traders from undertaking exports.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The specialized commission for carpets, handicrafts and tourism of Iran Chamber of Cooperatives is petitioning the government to repeal the Central Bank of Iran\u2019s export revenue repatriation policy, Abdollah Bahrami, the head of the commission, said. \u201cThe policy, approved in the fiscal 2019-20 by CBI, has destroyed the motivation of carpet-weavers and exporters for making [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[16,2],"tags":[],"class_list":["post-3561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iran-news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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