Business And Markets

$27b Repatriated Via Iran's Secondary Currency Market in 1 Year

$27b Repatriated Via Nima in 1 Year$27b Repatriated Via Nima in 1 Year

Approximately $27.5 billion was repatriated by non-oil exporters to the secondary currency market known locally as Nima (Integrated Forex Deals System) since the fifth month of last calendar year (July 23-August 22, 2018) up until now, the  central bank governor said Tuesday. 
Abdolnasser Hemmati said of the said amount, $3 billion was brought back in the form of machinery, goods and raw materials as per CBI rules that allow exporting companies to use a portion of their overseas earnings to import their own needs or of third parties in the country, the website of the Central Bank of Iran reported. 


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