Iran Forex Centre’s registered applications hit 18,869
Azerbaijan, Baku, Jun.11/ Trend R.Zamanov
The latest reports released by the Central Bank of Iran shows that 18,869 applications have been registered at Iran's Foreign Exchange Centre from the beginning of the current Iranian calendar year (March 21) until June 9, the IRNA News Agency reported.
Some 2092 applications were submitted from June 1 to June 9.
Some 7.5 billion dollars' worth of transactions had been recorded at the Forex Centre in the previous year.
According to the centre's spokesman Samad Karimi, Iran's Forex Centre has the capacity to trade over 100 million dollars each working day.
The foreign exchange centre was officially inaugurated on September 24, 2012. It aims at allowing importers of goods including truck tyres, construction equipment and synthetic fibres to buy dollars at a rate of two per cent cheaper than the street rate at any given time.
The government maintains an official reference rate of 12,260 rials to the dollar, but only a limited amount of foreign exchange is available at this rate.
The Iranian government plans to use revenues from petrochemical sales and 14.5 per cent of its oil revenues to provide dollars for the centre, Central Bank Governor Mahmoud Bahmani said in September, 2012. He did not give an absolute figure for the amount of dollars to be supplied.
"With the distribution of currency at this centre, the exchange rate in the market will go down because some of the demand for dollars will be met at this centre and the pressure of demand will be removed," Bahmani was quoted as saying.