EghtesadOnline: 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.
EghtesadOnline: July 22 was the end of a deadline set by the Central Bank of Iran for non-oil exporters to repatriate their currency earnings during the last fiscal year (March 2018-19) to the country.
EghtesadOnline: Exporters of non-oil products have repatriated €5 billion of their export earnings to the economic cycle of the country since the beginning of the current fiscal year (started March 21), a Central Bank of Iran’s official said.
EghtesadOnline: Following hikes in forex rates in the Integrated Forex Deals System, known by its Persian acronym Nima, Iranian exporters repatriated more overseas earnings to the country.
EghtesadOnline: The Central Bank of Iran has announced a new set of rules for repatriation of export earnings in the current fiscal (March 2019-20).
EghtesadOnline: The new round of US sanctions against Iran is being felt across the entire spectrum of Iran's economic sectors. One such sector is the strategic steel industry, which is currently dealing with the threat of losing its export markets—a crucial avenue through which Iran's aggressive expansion plans are being pursued.
EghtesadOnline: Iran's minister of industries, mining and trade announced new concessions to exporters and promised closer cooperation to help resolve pending issues outlined in the long list of demand of businesses.
EghtesadOnline: As the Central Bank of Iran struggles to stabilize the foreign exchange market – a colossal task that has long exacted energy and focus of the regulator – some argue that the CBI’s disproportionate focus on controlling the demand side of forex could ultimately do more harm than help.
EghtesadOnline: Iran Chamber of Commerce, Industries, Mines, and Agriculture in a notice called on exporters to keep on repatriating their currency earning on Integrated Forex Deals System, locally known as Nima.
EghtesadOnline: In its latest directive, the Central Bank of Iran, on Tuesday urged exporters to return their export earnings to "the country's economic cycle'' as their three-month deadline comes to an end.