Business And Markets

$57 Billion Tapped in Fiscal 2021-22: CBI

As per law, non-oil exporters must repatriate a part of their earnings in the form of hawala and sell it via the Nima. They also can sell their currency to authorized exchange shops
$57 Billion Tapped in Fiscal 2021-22: CBI
$57 Billion Tapped in Fiscal 2021-22: CBI

The Governor of the Central Bank of Iran Ali Salehabadi said $57 billion in foreign currency was supplied from assorted sources in fiscal March 2021-22. 
“The amount was 57% higher on the preceding year when  $36.5 billion were sold,” Salehabadi said in a press release posted on the CBI website. 
He described the status of the domestic currency market as “stable” giving credit to non-oil exporters for securing a big segment of the forex income. 


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