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Iranian minister: Central bank sells $10 billion at 12,260 rial official rate

Business Materials 10 December 2012 12:47 (UTC +04:00)
The Central Bank of Iran has sold $10 billion at 12,260 rials official rate during the first half of the current Iranian calendar year, which began on March 20, the Mehr News agency quoted Iranian Industry, Mine, and Trade Minister Mehdi Ghazanfari as saying.
Iranian minister: Central bank sells $10 billion at 12,260 rial official rate

Azerbaijan, Baku, Dec. 9/ Trend G.Mehdi/

The Central Bank of Iran has sold $10 billion at 12,260 rials official rate during the first half of the current Iranian calendar year, which began on March 20, the Mehr News agency quoted Iranian Industry, Mine, and Trade Minister Mehdi Ghazanfari as saying.

Of the total imports in the mentioned period, $11 billion was related to non-banking foreign currency and exporters, he noted.

Some $30 billion worth of goods were imported during the 6-month period, of which $10 billion were imported using official rate dollar paid by the Central Bank to importers, he added.

The Central Bank has set the official rate of the dollar at 12,260 rials, while the street rate is currently at 29,000 rials and the Forex Center of Iran offers the dollar at 24,580 rials.

Iran's trade turnover in the first eight months of the current Iranian calendar year, which began on March 20, amounted to $65.5 billion.

The country conducted transactions with 150 countries during the mentioned period.

Exports hit $28 billion, while imports surpassed $37.4 billion in the 8-month period.
Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016).

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