Iran's central bank unveils online forex system

April 24, 2018

TEHRAN- The Central Bank of Iran (CBI) launched its Forex Management Integrated System, locally known as NIMA, in a bid to address the country's currency needs, boost transparency, create competitiveness among exchange shops and a secure environment for traders, IRNA reported on Tuesday.

“NIMA is a new chance for importers to supply their required foreign currency without specific problems and for exporters to re-inject their earned foreign currency to domestic forex market,” Vice President Es’haq Jahangiri said during the launching ceremony of NIMA on Monday.

During the held ceremony, CBI Governor Valiollah Seif, for his turn, said that “four major role-players act in NIMA: first importers of goods and services as the applicants to receive foreign currency, second, exporters as the suppliers of the currency, third, the mediators including the CBI and exchange bureaus which direct financial resource form the suppliers to demanders and finally the forex marker policy-maker.”

HJ/MA

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