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CBI governor: About $30B worth of currency sold in Iran’s NIMA system in a year

Finance Materials 30 July 2019 15:01 (UTC +04:00)

Baku, Azerbaijan, July 30

By Elnur Baghishov – Trend:

Over the past year, $27.5 billion were sold in Iran’s NIMA system, said Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati, Trend reports referring to the Central Bank's website.

According to him, $3 billion thereof are connected to imports, and 74,000 transactions related to the said amount were recorded in the NIMA system.

"Furthermore, $22 billion of the amount mainly provided by Iranian exporters was spent on maintaining imports via 108,000 transactions," he said.

Hemmati also said that the remaining amount was spent on the bank's commitments. He noted that more than $46 billion were exchanged during the first year of the operation of the NIMA system, and this system has played a major role in Iran's foreign trade.

NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from export. The price of 1 euro in this system is 129,611 rials, and the price of $1 is 114,227 rials.

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