Iran’s gold import more than triple in June quarter

The Islamic Republic of Iran Customs Administration (IRICA) has reported that 6.6 metric tons (mt) of gold worth $476 million were cleared through customs ports and imported into the country during the first three months of the current Iranian calendar year (March 20 – June 20).
That is three times more than the same period last year, when 2 mt of gold bullion worth $130 million were imported into the country, according to IRICA figures reported by IRNA.
Imam Khomeini Airport Customs was the origin of over 91.64% of gold bullion imports in the first three months of this year.
Late in 2022, the Iranian government approved a plan to facilitate the import of gold as part of its anti-sanctions policy, allowing businesses to import gold to settle their export-related foreign exchange dues to the government.
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