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Iran: New Trade Monitoring System Planned

Iran: New Trade Monitoring System Planned Iran: New Trade Monitoring System Planned

Governor of the Central Bank of Iran says a new trade monitoring system is in the offing to complement the  Integrated Forex Deals System (known by its Persian acronym Nima). 
Nima is a platform where exporters sell their currency earnings to companies importing non-essential goods. It logs data bout repatriated and purchased forex for import and export. 
According to Abdolnasser Hemmati, the new system dubbed “Meeting Import Commitment” is linked to an online platform affiliated to the Trade Promotion Organization of Iran and used for registration of all import orders. 
The main function of the system is to promote transparency within the entire import process, from foreign currency allocations by the CBI to order registration and customs affairs, he said in an interview with state TV late on Saturday. 

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