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Iran's Secondary Forex Trade at €2.8b

Hard currency allocated to imports during this period amounted to €2.45 billion, indicating that currency supply has so far outweighed demand
Secondary Forex Trade at €2.8b Secondary Forex Trade at €2.8b
President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei wrote a letter to First Vice President Es’haq Jahangiri, in which he made eight proposals to reform the currency repatriation process

The Central Bank of Iran has issued the latest figures related to hard currency trade in the Secondary Forex Market between exporters and importers. According to the bank, between Aug. 7 (the time when CBI eased currency controls) and Sept. 11, trade volume reached €2.81 billion. 
Hard currency allocated to imports during this period amounted to €2.45 billion, indicating that currency supply has so far outweighed demand.  
The secondary market dealings take place through the Forex Deals Integrated System, an online system locally known by its acronym Nima.  Through the system, importers declare their currency needs and exporters offer their foreign currency earnings for sale. Banks and exchange bureaus act as mediators for the dealings.

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