The rapid growth of non-oil exports is considered as a positive aspect of governmental enterprise. More than USD 100 billion was invested in the industrial and economic structures of Iran in the First Plan. This trend continued in the Second Plan and created a strong base for economic growth and non-oil goods production. Development of non-oil exports and reduction of reliance on oil sales for meeting foreign exchange requirements are goals of the Second Economic Development Plan. The foreign exchange rate is not the sole determining factor in non-oil exports.
Regulation have significant effect on non-oil export performance.
For example, policies concerning foreign exchange declarations, use of non-bank foreign obligations, customs, etc. Non-oil exports can only be considered as successful when all revenues derived from this source returns to the economy of theountry. During 1993-1994, all revenues from exports did not return to the banking system. According to some economists, this was due to the existing psychological ambiance and exchange rate fluctuations. Under such conditions, exporters expected an increase in exchange rates and hence, delayed in offering their foreign exchange for sale.