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Moderate Market growth with periodic ups and downs

Moderate Market growth with periodic ups and downs

Hosseini Moghaddam to Securities and Exchange News Agency: Since this year we confronted an increase in NIMA (Iran’s Forex Management Integrated System) exchange rate which shrinks the gap between NIMA rate and free market rate, export-oriented companies and also companies with pricing based on NIMA exchange rate faced growth in profitability.

Hosseini Moghaddam to Securities and Exchange News Agency: Since this year we confronted an increase in NIMA (Iran’s Forex Management Integrated System) exchange rate which shrinks the gap between NIMA rate and free market rate, export-oriented companies and also companies with pricing based on NIMA exchange rate faced growth in profitability.

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