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Regime bans 50 exports

Included in the listing are items that can be imported with foreign exchange bought at the official rate of just 12,260 rials to the dollar.  The government is concerned that some less scrupulous traders may import the goods at that subsidized rate and then export them for sale abroad at an immense profit.

The announcement said the government might add more items to the list of banned exports at a later date.

The list begins with wheat, flour, sugar, vegetable oil, live cattle, meat, copper cathodes, copper wire, hides, car tires, all polymeric products and imported industrial and road-construction machinery as well as imported car parts and paper.

Additionally, exports of fodder, soybeans, aluminum and steel bars, scrap iron, paper waste, wood, imported rice and tea, molybdenum sulfur, hay, baby formula, wet blue, butter and steel products are also forbidden from export.

The other banned export goods are chemical items:  carbon smut, sodium sulfate, sodium carbonate, cosmic sodium, sulfuric acid, benzene, bicarbonate of soda, styrene monomer, polyethylene, propylene, PVC, polystyrene, diethyl phthalate, terephthalate, acrylonitrile, butanic styrene, melamine crystal and LAB.

According to the report, all imported medical equipment purchased at subsidized rates are also among the goods forbidden for export.

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