The Central Bank of Iran said it is undertaking efforts to improve forex supply in the volatile market by encouraging non-oil export companies to increase their currency sale.
Following a meeting with managers of currency exchange bureaus, the CBI Governor Ali Salehabadi issued an order to moneychangers to buy overseas currency income from non-oil exporters at “negotiated rates”.
That means exporters can now sell their forex income at higher rates than Nima, a special platform where exchange rates are usually lower than the open market. Rate differences have become much wider in recent days as forex prices have risen to historic highs.
June 14, 2022 13:02
0
Iran's CB Appeals to Exporters to Help Stabilize Forex Market
The dollar was worth 249,359 rials in Nima on Monday – at least 20,000 rials lower than the rates in official exchange shops controlled by the CBI. The gap is much bigger compared with unofficial rates
You can also read ...
Add new comment