New incentives for exporters that re-inject foreign currency to NIMA

February 15, 2019

TEHRAN – Central Bank of Iran (CBI) has unveiled a decree containing a list of new incentives for the country’s exporters that re-inject their earned foreign currency to Iran’s domestic Forex Management Integrated System (locally known as NIMA).

According to the announcement which was published on the CBI portal on Wednesday, the announced decree is valid up to the end of the current Iranian calendar year (March 20, 2019) and meanwhile all the provisions of other related regulations remain valid.

Based on the announcement, those exporters who return more than 60 percent of their earned currency to the country’s economic cycle in accordance with previous decrees, in addition to the listed incentives, they will become CBI’s priority for allocation and supply of foreign exchange [in case they need it].

The details of the mentioned decree are published in the form of a table based on the revenue injected to NIMA and the total amount of foreign currency earned by the exporters.

EF/MA

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