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Value of currency for imports grows in Iran

Business Materials 8 January 2019 20:29 (UTC +04:00)

Baku, Azerbaijan, Jan. 8

By Elnur Baghishov - Trend:

Over the past two days, the value of currency intended for imports in the NIMA (Integrated System for Hard Currency Transactions) has increased with the currency of importers and the currency provided by the Central Bank of Iran, Trend reports via IRNA.

Several banking channels have been established with some countries for the supply and transportation of currency. On this basis, the Central Bank of Iran accelerated the provision and allocation of the currency.

Also, according to the information the SANA electronic monitoring system, there has been an increase in the sale of currency obtained from exports in the recent days, as well as in the purchase and sale process in currency exchange offices. In the last three months of this Iranian year (started March 21, 2018), increase in the foreign exchange sales in this market will continue.

According to the latest statistics, from April 11 to January 2, a total of 8.82 billion euros obtained from exports were sold to NIMA.

Presently, the official exchange rate for 1 US dollar is set at 42,000 rials, and the official exchange rate for 1 euro is set at 53,500 rials. This rate is intended for the import of the necessary products to Iran.

Presently, the exchange rate for 1 US dollar is set at 107,000 rials, and the exchange rate for 1 euro is set at 126,000 rials in the Iranian SANA system. Currency exchange offices sell and purchase currency according to these exchange rates.

Presently, the exchange rate for 1 US dollar is set at 79,900 rials, and the exchange rate for 1 euro is set at 98,300 rials in the NIMA system. The exporters should sell the currency obtained from exports of products to this system.

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