CBI Integrating Currency System

EghtesadOnline: The Central Bank of Iran announced on Friday that all certified currency-trading offices not affiliated with any bank will also be connected to its newly-established Forex Deals Integrated System, locally known by the acronym Nima.

News ID: ۷۸۱۹۵۰

03 March 2018

“CBI has begun the process of systematically meeting the domestic currency needs by holding training courses for bank-affiliated exchange shops. With the gradual joining of non-bank shops, one of the other major players of the currency market will be able to employ the services of Nima,” the regulator said in a statement published on its website. The integrated online system was launched last week in collaboration with the Industries Ministry amid currency fluctuations for supporting certified moneychangers, facilitating trade and organizing the forex market, acording to Financial Tribune.