May 11, 2018 19:42

Iran's CB: Forex Allocation After Rate Unification at $6.6b

CBI said in a statement published on its website that of this amount, $5.46 billion have been allocated through banks from central bank resources and $700 million through Integrated Foreign Currency System for the import of goods and services

CBI added that of the total foreign exchange allocations, $3.75 billion have been delivered by banks to the applicants.

In the days following the US move to exit the multilateral nuclear deal, Iranian officials have emphasized that the foreign exchange situation will help the country overcome any challenges

The Central Bank of Iran has announced allocating $6.6 billion to fulfill the country' foreign exchange needs between April 11 and May 8 at the unified rate of 42,000 rials.
CBI said in a statement published on its website that of this amount, $5.46 billion have been allocated through banks from central bank resources, $700 million through Integrated Foreign Currency System (locally known as Nima) for the import of goods and services, and $445 million belonged to individuals that have used their export earnings for import purposes.

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Forex Rate Unification