Major Government Decision for Merchants: Blocked Trade Cards to Be Reactivated Immediately

Details of the resolution from the 47th meeting of the Currency Working Group to resolve export obligation issues in free zones have been officially announced.

Ambassador Arjan: The details of the resolution of the 47th meeting of the foreign exchange working group to solve the problem of export commitments in free zones were officially announced.

In order to support production units and non-oil exporters and with the aim of removing obstacles to commercial activities, the business cards of export-oriented production units that were blocked for various reasons were reopened for 90 days with the continuous follow-up of the Secretariat of the High Council of Free and Special Economic Zones and based on the resolution of the forty-seventh meeting of the working group on the return of currency from exports located at the Central Bank.

This action has been carried out with the aim of facilitating business processes, helping to continue the activities of production and export companies, and providing the basis for the continuation of non-oil exports.

Also, the necessary follow-ups to determine the assignment of export foreign exchange obligations resulting from the procedure of temporary entry in commercial-industrial free zones are still on the agenda of the Secretariat of the Supreme Council of Free and Special Economic Zones.

Be sure to read further: Business card holders should read

These follow-ups are related to the files that were sent to the central bank before the aforementioned procedure was systematized.

It should be noted that the aforementioned measures are followed with the aim of facilitating the fulfillment of foreign exchange obligations, reducing administrative obstacles and helping the continuation of the activities of companies operating in free zones; An issue that can play an effective role in improving business processes and supporting the export capacities of production units.