Allocation of currency for the import of economic phones was also stopped

The allocation of currency for economic phones has stopped again and uncertainty has cast a shadow on the mobile market. This decision has created serious concerns for consumers and industry activists. Iran's consumer goods market is currently dealing with a wave of confusion. This situation is caused by the government's new foreign exchange policies that...

0 Posted by: Anahita Rostami on October 25, 1405 at 09:51

The allocation of currency for economic phones has stopped again and uncertainty has cast a shadow on the mobile market. This decision has created serious concerns for consumers and industry activists.

Iran's consumer goods market is currently dealing with a wave of confusion. This situation is due to the government's new currency policies, which seem to have affected the import of essential items such as mid-range smartphones. Experts warn about the consequences of this approach on prices and public access to these products.

Stop allocating currency for budget phones

The Ministry of Security is the official responsible for allocating currency for the import of goods, but reports indicate a halt or a severe delay in providing the currency needed for the import of economic phones. This approach has confused market participants, especially after the objections to the import of luxury goods. Now, the allocation or supply of foreign exchange through "persons' deposit", which contributed significantly to the limited mobile imports this year, has practically stopped. This stop has made the flow of pricing and import of economic phones a serious and unpredictable challenge.

The ambiguities of the mobile market and the assignment request

Unlike car import, which was somewhat removed from the uncertainty by changing the route of providing foreign currency to "no currency transfer", the situation of importing phones under $400 is still unclear and stopped. This is despite the fact that until today nearly 200 million dollars of this year's mobile import quota was registered. Market players are concerned about the future of consumer access to mid-range and budget phones and are calling for an urgent task to prevent shortages and price increases.

Will the import of phones to Iran be stopped forever? Majlis explained

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Consequences of suspension and suspicions of rent

Stopping or slowing the import of economic phones has unfortunate consequences for consumers; including lack of supply, increase in prices, spread of smuggling, damage to the registry plan and decrease in people's purchasing power. This situation can lead to stagnation in related sectors and increase unemployment. Also, in the middle of this currency turmoil, serious uncertainties are heard in the car market; Some believe that the blocking of the import route from their deposit and others can be exploited in favor of the continuation of the import of luxury cars and create suspicions of rent. According to the announcement of the comprehensive trade system, the source of currency for car imports has been changed from "person's deposit" to "no currency transfer".