€12B Suppled to Market via ICE

The Central Bank of Iran said €12.7 billion was supplied to the market via the Iran Center of Exchange (ICE) after it launch in late February.

From the total forex offered via the ICE, €7.05 billion hwas bought, IBENA reported. During the same period, 9.398 billion UAE dirhams was offered in the market of which 7.6 billion were purchased.

Petrochemical and mining companies accounted for the largest portion of currency supply with €3.3 billion and €2.7 billion, respectively.

Close to €70m was sold to Iranians travelling abroad.