2 min read
01 Dec
01Dec

When foreign exchange is provided by foreign investment and goods enter the country instead of cash, the meaning is clear: due to sanctions and banking restrictions, the entry of money is not possible, and the import of goods effectively replaces the transfer of foreign exchange.

Importers buy goods with money outside the Central Bank system, with thousands of problems caused by sanctions, enter the country, register the order, and pay all customs fees, but….. Now they say you have to get a “SATA code”! But what is a SATA code? In simple terms, it means that you have to hand over the equivalent of the money you paid to buy the goods to the trust companies affiliated with the Central Bank once again due to banking sanctions, so that the Central Bank is convinced that you have really paid foreign currency for this imported good, and in the meantime, you pay their fee for convincing them in exchange for a code and a circulation of rials is carried out.

In practice, this means: whatever you do, you have to pay a legal "shithole," but it goes into the pockets of the comrade's trustees, not the government... These self-made codes have become nothing more than an extortion tool for a few "system business managers"; every day a new system, a new code, and a new obstacle.

Today, a new "Sin" system was added to the list of more than eighty previous systems and they celebrated, but the dollar is around 120,000 Tomans and there is no ceremony for this disaster.

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