BAKU, Azerbaijan, Nov. 3
By Elnur Baghishov - Trend:
Some 71 percent of the foreign currency obtained as a result of export was transferred to Iran's economic turnover through the NIMA system, Mohammad Lahouti, chairman of the Iran Exporters Confederation, said.
“This happened because the Iranian Central Bank closely cooperated with Iranian exporters,” Lahouti added, Trend reports referring to IRNA.
The chairman said that after the announcement of the export volume, the exporter has four months to return currency to the economic turnover.
Lahouti added that although the export value of the Iranian goods decreased from March 21 through September 22 of this Iranian year (beginning on March 21, 2019), export and import processes are positive and export volume increased by 22 percent.
“Iran continues to export goods to China, Iraq, the United Arab Emirates, Turkey and Afghanistan,” the chairman said. “India is not in the top five in import of Iranian goods any more because of the US sanctions.”
NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from export. The price of $1 is 42,000 rials in accordance with the official exchange rate.
In the black market, $1 is worth 112,000 rials, while $1 is worth 105,000 rials via NIMA system.
Iran imported the goods worth $21.2 billion and exported the goods worth $ 20.9 billion during six months.
The US imposed sanctions on Iran in November 2018 and expanded the list of sanctions several times.