Iran's Forex Demand Declines in Secondary Market

Export companies sold forex hawala worth $4.8 billion to the secondary foreign exchange market, known locally as Nima, in the calendar month to April 20.
Out of this only $1.3 billion was bought indicating that supply has outweighed demand, the Central Bank of Iran said in a press release.
Nima is Persian acronym for a trade platform affiliated to the CBI through which exporters sell their overseas proceeds and companies buy for importing goods, machinery, equipment and raw material.  The rates in Nima are usually lower than forex rates at open market.