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The Central Bank of Iran announced the sale of 300 million euros in foreign currency deposited in the bank's account in Iraq through the local "Nima" platform dedicated to selling remittances.
The Central Bank of Iran announced the sale of 300 million euros in foreign currency deposited in the bank's account in Iraq through the local "Nima" platform dedicated to selling remittances.
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And the General Administration of the Central Bank of Iran stated in a statement today, Saturday, followed by “Fares”, that after conducting successful monetary and banking negotiations with the Central Bank of Iraq, new breakthroughs occurred regarding the offering of hard currency on the “Nima” electronic platform, so that after a year of stopping, today (January 21) took place. January 2023) offering 300 million euros from the balances of the Central Bank deposited in Iraq through the platform, and it was sold directly, and that this process will continue in the coming days.
The administration's report confirmed that merchants, through this breakthrough, are now able to accelerate the pace of commercial and banking operations through funds in Iraq in order to cover imports of basic commodities quickly and appropriately.
She indicated that the breakthrough in benefiting from the balances of the Central Bank of Iran in Iraq occurred following successive visits by a commercial-Iranian bank delegation to Iraq in recent days and negotiations with the Iraqi Central Bank and one of its commercial banks.
It is noteworthy that the "Nima" platform is dedicated to displaying foreign currency remittances to exporters and selling them to importers.
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