Iranian non-oil exporters repatriate €8b in H1

Financial Tribune – An estimated €7.98 billion in non-oil export revenues was repatriated through the Central Bank of Iran’s secondary market in the first half of the current fiscal year (started March 21).

A monthly account of repatriated export revenues published by IRNA, shows that non-oil exporters returned €2.15 billion in the second month of the current fiscal year (April 21-May 21), highest in the H1. This is while Nima recorded the lowest amount of return in the fifth month with €937 million.

Average price of each euro traded in the secondary market was 102,467 rials in the second month, the lowest in the first half. The highest average price was seen in the fourth month–126,600 rials.