BAKU, Azerbaijan, July 20
By Elnur Baghishov – Trend:
About $300 million was sold in Iran at the NIMA exchange rate (the exchange rate created for exporters to sell a portion of their export earnings to banks) over the past two days, Trend reports citing the Central Bank of Iran (CBI).
According to the report, this trading was carried out at the rate of $1 equaling 183,000 rials.
More than 3.59 billion euros were sold to banks at the NIMA rate from the beginning of the current Iranian year (March 20, 2020) to July 5.
Iran sold 11.1 billion euros at the NIMA rate during eight months of preceding Iranian year (July 23, 2018 to March 20, 2019) and about 16.1 billion euros at the NIMA exchange rate in the last Iranian year (from March 21, 2019 to March 20, 2020).
Following the devaluation of national currency in 2018, the Central Bank of Iran introduced the sale of part of the currency earned from exports at the rate set by the NIMA system, taking into account the difference between the black market and the official exchange rates.
According to the currency exchange rate of the Central Bank of Iran, $1 equals 42,000 rials and 1 euro equals 47,000 rials; at SANA rates, $1 equals 235,000 rials and 1 euro equals 239,000 rials; while at NIMA rates, $1 equals 179,000 rials and 1 euro equals 209,000 rials.