BAKU, Azerbaijan, March 19
By Elnur Baghishov - Trend:
Iranian exporters sold 16.07 billion euros to banks at the NIMA rate (which has been created for exporters to sell a portion of their export revenues to banks) from March 21, 2019 to March 18, 2020. Trend reports citing the NIMA system's website.
According to the report, 13.6 billion euros were sold to importers for the same period, based on the NIMA exchange rate.
About 27.3 billion euros were sold to banks at NIMA exchange rates by exporters from the end of July 2018 to March 18, 2020. During that period, 23.1 billion euros were sold to importers.
|
Month (Iranian months) |
Sale |
Purchase |
|
1st month (21 March-20 April) |
1.27 billion euro |
969 million euro |
|
2nd month (21 April -21 May) |
2.15 billion euro |
1.95 billion euro |
|
3rd month (22 May -21 June) |
1.24 billion euro |
1.26 billion euro |
|
4th month (22 June -22 July) |
1.33 billion euro |
1.2 billion euro |
|
5th month (23 July – 22 August) |
927 million euro |
792 million euro |
|
6th month (23 August -22 September) |
1.02 billion euro |
843 million euro |
|
7th month (23 September – 22 October) |
1.54 billion euro |
932 million euro |
|
8th month (23 October -21 November) |
1.25 billion euro |
754 million euro |
|
9th month (22November-21 December) |
1.38 billion euro |
1.29 billion euro |
|
10th month (22 December-20 January) |
1.47 billion euro |
1.3 billion euro |
|
11th month (21 January -19 February) |
1.17 billion euro |
1.09 billion euro |
|
12th month (20 February -19 March) |
1.29 billion euro |
1.21 billion euro |
Devaluation was experienced in the summer of 2018 in Iran. Thus, the price for $1 grew from 35,000 rials to more than 200,000 rials on the black market. After With the intervention of the Iranian government on the foreign exchange market, the US dollar has fallen to some extent.
According to the currency exchange rate of the Central Bank of Iran, $1 equals 42,000 rials and 1 euro equals 46,000 rials based on the exchange rate offered to the banks; 1 euro is 167,000 rials and $1 is 152,200 rials according to SANA; and 1 euro is 157,000 rials and $1 is 136,000 rials at the NIMA rate.