Nima Currency Supply Up 66%

The supply of foreign currency at the secondary foreign exchange, known as Nima, has increased by 66% in the past 11 months ending Feb. 19 compared with the corresponding period of last year. 
According to a note posted by Mostafa Qamari-Vafa, the head of CBI’s Public Relations Department, non-oil exporters have sold $26.3 billion at Nima during the period under review. 
In the Nima system, importers declare their currency needs, exporters register their currency proceeds, and banks and authorized moneychangers act as dealers.