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

Financial Tribune – 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.

Date : Saturday 12 May 2018 / Subject : Economic News - Banking System News / Source : Financial Tribune