The Central Bank of Iran says the supply of currency for imports outpaced damned over the past three weeks.
“Forex resources are enough to fully cover imports as well as [needs of] the people,” the CBI said in a press release on its website.
It said $4.8 billion was offered by non-oil export firms on the secondary foreign exchange market, known locally as Nima, in one week but only $1.5 billion was bought by importers.
May 16, 2022 19:56
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Forex Supply Offsets Demand, CBI Says
In the past two weeks the currency market has seen a fair share of volatility spurred by expectations about higher rates that apparently gave rise to “precautionary demand”
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