More than US$492M in home appliances imported into Iran during first half of current Iranian year, which began on March 20, data shows

Baku, Azerbaijan , October 22, 2012 () – More than $492 million in home appliances were imported into Iran during the first half of the current Iranian year, which began on March 20, ISNA reported.

The figure is related to legally imported goods, including refrigerators, washing machines, vacuum cleaners, home cinemas, and heaters, according to statistics of the Iranian Customs Administration.

Home appliances fall within the categories of goods which have been banned from receiving official dollar rate to be imported.

The Central Bank has categorized the goods, which are to be imported, into ten overall groups, based on which official rate dollar is only allocated to the importers of the first priority category.

Importers of other goods are paid dollar at higher rates.

The central bank allowed trading in its currency at market levels after fixing the exchange rate in January as the threat of sanctions over the country's nuclear program and economic risks spurred Iranians to buy up dollars.

The bank on January 26 fixed the rate at 12,260 after the U.S. dollar surged to almost double that level in unofficial currency markets.

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