Financial Tribune - The Central Bank of Iran is ready to buy at negotiated rates the foreign currency of exporters whose earnings are blocked in other countries due to the US sanctions, says the CBI deputy chief for foreign exchange affairs. As per CBI rules exporters can use their earnings to import raw material and other goods and also can sell ...

Minister of Economic Affairs and Finance Ali Tayebnia made it clear that the government has no plans to manipulate the foreign exchange rates, saying the non-meddling policy was the direct opinion of President Hassan Rouhani. In an address to an assembly of engineers on Saturday evening, Tayebnia said he believed that the fixed currency rates were ...

The Indian rupee has been made the official currency for trading between India and Iran. It has also been decided that UCO Bank will be the official bank for transactions. Following this conclusion after a long debate,Pharmaceutical Export Promotion Council of India (Pharmexcil) is organising a business delegation trip to Tehran from December 17-19,...