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Growth in Forex Offered via Secondary Market

Growth in Forex Offered via Secondary Market  Growth in Forex Offered via Secondary Market

Foreign currency offered at the secondary foreign exchange market increased significantly in the past week, the Central Bank of Iran said. 
Forex sold in the secondary market (known locally as NIMA) grew 48% in the five business days last week (May 9-13) compared to the similar period a week earlier, the CBI website reported.  
The total was €313 million -- enough to meet limited import needs. 
Nima is an online platform affiliated with the CBI where exporters sell their overseas currency income and companies buy it for importing goods, machinery, equipment and raw materials. The rates are usually below open market rates. 

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