All tagged NIMA

Iran Says Efforts to Curb the Rial's Slide Are Starting to Work

◢ Iran’s battered currency is starting to recover in the unregulated market as government policies to defend it against U.S. sanctions take effect. The central bank sought ways to protect the currency with measures that include setting up a government-run foreign-exchange platform known as NIMA to quell the black market and controlling interest rates offered by lenders.