Central Bank of Iran: €2.2 billion sold via Nima

Financial Tribune – Since the beginning of the current fiscal (March 21) over 2.2 billion has been sold via the Integrated Forex Deal System, locally known as Nima, the Central Bank of Iran reported.

Nima is a platform where exporters sell currency earnings at prices lower than open market rates and companies buy it for importing machinery, equipment and raw material.

The currency on includes CBI contribution to the system plus the repatriated currency earnings from non-oil exports.

Each Euro was sold for 110,000 rials on Nima on Saturday.