Business And Markets

Forex Repatriation Data Online

Forex Repatriation Data Online
Forex Repatriation Data Online

Iran’s Trade Promotion Organization has launched on online platform to enable exporters to enquire about their forex repatriation commitments.
“This would enable them to check how much [money] they have returned and what is outstanding,” Hamid Zadboum, head of TPO, was quoted as saying by the TPO website.
Apart from updates about the amounts, the platform provides information about repatriation methods, including selling forex in the form of hawala in the secondary market (known locally as Nima), export in lieu of import and selling currency to exchange bureaus affiliated to banks.
Nima is an online platform affiliated with the Central Bank of Iran where exporters sell their overseas income and companies buy for importing goods.


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