Providing foreign exchange for the import of goods and services needed by the country through the Nima system

According to Iran Economist, the Central Bank announced in an announcement: All government agencies, especially the Ministries of Security, Jihad, Agriculture and Oil, have been required by the First Vice President to coordinate with the Central Bank in the process of allocating, providing and establishing foreign exchange commitments. The central bank also acts on the continuous allocation of currency needed by economic operators in the shortest possible time.

While appreciating the good cooperation of the exporters, the central bank emphasizes that all foreign exchange suppliers, both government and non-government companies, are required by law to supply the currency from exports within the specified deadline through the Nima system. Violators will be dealt with according to the law without any tolerance.

According to the amendment of the Law on Combating Goods and Currency Smuggling, any currency transaction outside of the network of exchange offices, banks and credit institutions licensed by the Central Bank is considered currency smuggling, and according to the law and through judicial channels, the perpetrators will be ordered to pay in addition to confiscating the currency. A fine equal to twice the open currency and in case of inability to pay, they will be sentenced to imprisonment.

The central bank asked people to strictly refrain from informal currency transactions.