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News · Currency · Iran

Iran's General Inspection Organization says 225 people have unfulfilled foreign-currency obligations above 50 million euros, three of them tied to oil companies

27 July 2026 · 2 months ago

The head of Iran's General Inspection Organization said on Monday, 27 July 2026 (5 Mordad 1405), that 225 individuals have unfulfilled foreign-currency obligations exceeding 50 million euros each, and that three of them are linked to oil companies. The remarks were carried by Mehr News Agency.

"Fulfilment of foreign-currency obligations" refers to the requirement that exporters return the hard currency earned from exports to the domestic economic cycle, a mechanism that has been one of the policymaker's main tools in recent years for funding import currency and containing exchange-rate volatility. Unfulfilled obligations mean currency that has not returned to the official system and remains outside the pool available for import allocation.

The figure comes at a time when currency shortages and the gap between exchange rates have become central issues in Iran's economy. On the same day, the deputy for international business promotion at Iran's Trade Development Organization said administratively set exchange rates have locked up trade, and the industry minister said basic goods and production are the priority for currency allocation.

Source:Mehr News AgencyThe source text

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