24 Nov 2024
Monday 4 March 2019 - 16:22
Story Code : 340809

Central Bank of Iran: $38b allocated for imports

Financial Tribune - The governor of Central Bank of Iran says the CBI has so far allocated $38 billion in foreign currency for imports. Out of this amount, $9.3 billion was allocated via Nima (the integrated forex deal system) and $24 billion was injected directly into the banking system.

Abdolnaser Hemmati said close to 11.5 billion was traded on Nima forex generated from non-oil export earnings.

In addition, 7.4 billion was sold [to importers] via Nima, 8 billion was offered and equivalent of 600 million was used for imports in exchange for exports for the same amount. Close to 65% of the total 40 billion in non-oil export revenues have not been repatriated to the country.
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