{"id":2017,"date":"2024-12-17T22:15:10","date_gmt":"2024-12-17T18:45:10","guid":{"rendered":"https:\/\/negashteh-magazine.com\/en\/?p=2017"},"modified":"2024-12-18T01:03:53","modified_gmt":"2024-12-17T21:33:53","slug":"reducing-the-risk-of-transferring-funds-and-eliminating-intermediary-currencies-in-grain-trade-by-connecting-the-banking-network-of-iran-and-russia","status":"publish","type":"post","link":"https:\/\/negashteh-magazine.com\/en\/reducing-the-risk-of-transferring-funds-and-eliminating-intermediary-currencies-in-grain-trade-by-connecting-the-banking-network-of-iran-and-russia\/","title":{"rendered":"Reducing the risk of transferring funds"},"content":{"rendered":"<blockquote><p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2019 alignright\" src=\"https:\/\/negashteh-magazine.com\/en\/wp-content\/uploads\/2024\/12\/mr-heydari.ed2_.jpg\" alt=\"\" width=\"155\" height=\"192\" srcset=\"https:\/\/negashteh-magazine.com\/en\/wp-content\/uploads\/2024\/12\/mr-heydari.ed2_.jpg 290w, https:\/\/negashteh-magazine.com\/en\/wp-content\/uploads\/2024\/12\/mr-heydari.ed2_-242x300.jpg 242w\" sizes=\"auto, (max-width: 155px) 100vw, 155px\" \/><\/p>\n<p>In the process of importing livestock inputs, in addition to passing the barriers of order registration and quotas, companies are faced with the lack of berths and port facilities to unload cargo and the need to obtain multiple permits from various institutions such as the Ministry of Jihad and Agriculture, Iran Veterinary Organization, and the National Standards Organization. These obstacles sometimes lead to heavy costs of demurrage, warehousing and loss of product quality.<\/p><\/blockquote>\n<p>Besides, importers face the challenge of allocating currency after delivering the goods to the consumer through the systems, which often takes three to five months. Such financial transfer restrictions increase the risk and costs of import and make the import process more difficult. This is despite the fact that in the current situation due to the sanctions, while bearing these problems, the importers are providing livestock inputs with care and vigilance and cooperation with the relevant organizations.<\/p>\n<p>Considering the provision of a significant part of the country\u2019s needs in the field of livestock and grain inputs from the Russian Federation, the connection of the banking network of Iran and Russia will lead to the strength and stability of commercial contracts between the two countries, reducing the risk of transferring funds and eliminating intermediary currencies. Also, this connection will allow merchants to benefit from banking facilities and resources.<\/p>\n<p>&nbsp;<\/p>\n<p>Sometimes, despite the existence of strict laws and standards in Iran, we face quality problems regarding imported grains. In addition, unfortunately, the international inspection companies that have the task of controlling the quality and quantity of the cargo on the ship and must issue the inspection certificate, despite having the reputation and well-known names, do not have a strong and acceptable performance. Therefore, it is necessary for cargo owners or suppliers to have their authorized representatives present at the time of loading at the origin and unloading at the destination.<\/p>\n<p>One of our basic problems in the transfer department is that the currency allocation for the buyer is not done at the same time as the documents are traded on the LC. But recently, the VTB agency announced that it can apply these two processes of currency allocation and commercial document transaction at the same time. If this issue is realized, insurance and logistics problems will also reach the lowest possible level.<\/p>\n<p>&nbsp;<\/p>\n<p>Currently, Iranian businessmen are forced to make double investments at the same time to import grains. Once they buy goods with free currency and with personal capital, and after declaring the goods and selling them in the Bazargah Comprehensive System, it takes about 4 to 5 months for the currency to be allocated to them. Hence, if we can work with LC, the situation will be much better.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the process of importing livestock inputs, in addition to passing the barriers of order registration and quotas, companies are faced with the lack of berths and port facilities to unload cargo and the need to obtain multiple permits from various institutions such as the Ministry of Jihad and Agriculture, Iran Veterinary Organization, and the &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[113,97,69,89,71],"tags":[],"class_list":["post-2017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-113","category-interview","category-news-briefs","category-wheat","category-world-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO 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