Business And Markets

Exporters Repatriate €4.5b in Q1

Exporters Repatriate €4.5b in Q1
Exporters Repatriate €4.5b in Q1

Following hikes in forex rates in the Integrated Forex Deals System, known by its Persian acronym Nima, Iranian exporters repatriated more overseas earnings to the country.   
Nima is the platform where exporters sell their currency earnings to importers of non-essential goods. 
According to IRNA, exporters returned €4.56 billion of their non-oil export earnings back home since the beginning of the current fiscal on March 21 up until  June 18.
Each euro on average was sold for 124,770 rials via the  Nima system during the almost three months. 


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