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Nearly $23b earmarked for import of essential, pharmaceutical, commercial goods: CBI
The CBI said that from the start of this Iranian calendar year (began on March 21) until July, 28, $5.153 billion was allocated for essential goods and medicines, $12.271 billion for commercial goods, $418 million for services, and $5.085 billion for imports versus exports, IRNA reported.
The bank’s report suggests that the allocation of NIMA currency for the transport and automotive industries amounted to $1.658 billion, for the electrical and electronic equipment industries was $1.647 billion, for machinery and production equipment totaled $1.041 billion, for mining industries reached $946 million, and for textiles and apparel was $624 million. These industrial groups also received $1.140 billion, $187 million, $892 million, and $38 million in agreed-upon currency or imports versus exports by the end of July 28.
In addition to these groups, $6.355 billion in NIMA currency and $1.991 billion in imports versus exports were allocated to other industries.
Currently, Iran has three foreign exchange rates, including the open market rate, the official rate and the NIMA rate.
NIMA is the Persian acronym for an online currency system launched by the CBI in April 2018. It is a market where Iranian exporters can sell their foreign currency earnings for Iranian rials. The report provided by the CBI on Monday stated that the balanced average exchange rate for the month leading up to July 28 was calculated at 39,335 tomans for the dollar. Additionally, on July 28, the dollar was priced at 48,159 tomans in the currency exchange hall of Iran’s central exchange
market.