Business And Markets

Open Market, Nima Forex Rates Gap Narrows

Open Market, Nima Forex Rates Narrow
Open Market, Nima Forex Rates Narrow

The foreign exchange rate in Integrated Forex Deals System (Persian acronym for Nima) has been hiked in recent months to come closer to the rates quoted on the Sana website that reports the average exchange rates from the exchange bureaus, according to a report by the Department of Economic Reviews of Tehran Chamber of Commerce, Industries, Mines and Agriculture. 
The report reviews foreign exchange trade conducted since the beginning of the current fiscal year (March 21) up until July 2 and indicates that the difference between the two rates declined from the previous 62% in the first month of Iranian year to April 20 to 36% in the month to June 21. The difference has been further reduced to 16% by July 2. 


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