Deadline Extended for Currency Differential Payment on Food and Drug Organization Imports

The Central Bank announced that the deadline for paying the exchange rate differential on imports of medicines and medical equipment by the Food and Drug Organization, at preferential rates of 42,000 rials and 285,000 rials, has been extended to 180 calendar days after customs clearance.

The central bank announced: The deadline for the payment of the exchange rate difference for the import of medicine and medical equipment (Food and Drug Organization) with the preferential rates of 42 thousand rials and 285 thousand rials was extended to 180 calendar days after the clearance of the goods.

According to Ambassador Arjan, the Central Bank announced in a circular: The deadline for the payment of the exchange rate difference for the registration of orders related to the Ministry of Health, Treatment and Medical Education (Food and Drug Organization), which are provided with preferential rates of 42 thousand Rials and 285 thousand Rials per dollar, will be extended to 180 calendar days from the date of clearance of goods.

This decision includes the registration of orders that are subject to the payment of the exchange rate difference due to non-compliance with the pricing and distribution of goods, and it was adopted based on paragraph 6 of the approval letter of the Board of Ministers dated 18 August 1405.

According to this circular, the new deadline will be applied until further notice and other currency terms and regulations remain in force. The Central Bank has also asked the relevant units to notify the contents of the circular to the relevant foreign exchange branches and monitor its proper implementation.

This circular was issued within the framework of the duties prescribed for the Supreme Bank of the Central Bank in the regulations of the Foreign Exchange Commission and based on the resolution of 31 Shahrivar 1405 of the Foreign Exchange Commission and is effective from the date of notification.