24 Nov 2024
Saturday 23 November 2019 - 17:20
Story Code : 364102

€10.6 billion in non-oil export revenues repatriated via Nima

Financial Tribune - Since the beginning of the current fiscal year (March 20), more than €10.6 billion earned from exporting non-oil goods has been sold through the Central Bank of Iran's secondary forex market, known locally as Nima.

According to the platform's website, importers also bought €8.69 billion worth of foreign currencies from the secondary market.

The secondary market is a platform where importers declare their currency needs, exporters register their currency proceeds and banks and authorized moneychangers act as dealers.
https://theiranproject.com/vdcfxjdm0w6dvya.r7iw.html
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