100% growth of foreign exchange transactions in Nima system

According to the monetary news reports quoted by the Central Bank, based on yesterday’s transactions in the Nima system, exporters broke the record of transactions in the Nima system since the beginning of the year by selling more than 3 million dollar equivalents of export currencies.

The increase in exporters’ sales in the Nima system this year has caused the total dollar equivalent of transactions from the beginning of this year to yesterday to exceed four billion dollars, which shows a growth of 5% compared to the same period last year.

Accordingly, the increase in non-oil exports this year has crystallized with the record of transactions in the Nima system.

Also, the integrated foreign exchange trading system (Nima system) has been set up with the aim of facilitating the supply of foreign exchange, and using it, buyers (importers) and sellers (exporters) of foreign exchange in accordance with their needs to perform foreign exchange operations in the electronic environment.

Therefore, the Nima system is a source of foreign exchange for imported goods to the country and the market between exporters and importers, and the volume of transactions performed in it has a decisive role in the process of determining the exchange rate.