Until the setting up of the center, Iran had a fixed official or reference exchange rate of $1=IR12,260 applicable to imports of medicines and basic foodstuffs only, and a floating free market rate of around $1=IR25,000 for other imports and foreign exchange needs.
The CBI now identifies 10 categories of imports with varying priorities as far as access to foreign exchange is concerned. Imports of medicines and foodstuffs are classified under the first two priorities and are covered from foreign exchange at the official rate of $1=IR12,260. (CONTINUED - 800 WORDS)
