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Iran's CB Governor: Currency Revenue Improving

CBI Governor: Currency Revenue Improving
CBI Governor: Currency Revenue Improving

The Governor of the Central Bank of Iran Ali Salehabadi says foreign currency revenue of the bank has increased in recent months and improved its leverage to curb volatility in the forex market. 
“The government’s currency income increased threefold in the first five months [March 21-Oct 22] of the current fiscal year compared to the same period last year,” Salehabadi told state TV late on Thursday. 
Pointing to pattern of forex repatriated by exporters in the period, he said currency deals between exporters and importers through the Nima platform reached $16.5 billion in seven months. This was almost double the amount on last year.
“This is while forex trade in the whole of last fiscal year [ended in March] was $16.7 billion. This shows that we have made progress in augmenting currency income.”

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