Former CBI governor must be held responsible for market rigging: MP
MNA – An Iranian MP said on Tuesday that the former CBI governor Valiollah Seif must be held liable for rigging in…
Currency Crisis
Mismanagement, not sanctions, main cause of Iranian currency devaluation: Leader
IFP – Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has blamed the government for the ongoing economic crisis in the…
The interest group economics wreaking havoc on Iran’s currency
Al-Monitor | Bijan Khajehpour: While the Iranian rial has appreciated in recent days, its drop in value of more than 50% since March…
Punishment of convicts of economic corruption must be carried out urgently and justly
Khamenei.ir – In response to a letter by Head of the Judiciary Branch, seeking permission to take especial measures in order to…
Forex drops to 8074t/1$ in secondary currency market
MNA – Iranian petrochemical plants, major suppliers of foreign currency in the country, sold their currency as low as 80740 rials/$1 in…
Ayatollah Khamenei urges govt to form taskforce to tackle banks, liquidity issues
Khamenei.ir – The Supreme Leader of the Islamic Revolution– Ayatollah Khamenei– urged the government of President Rouhani to form a taskforce to…
CBI delivers presold gold coins
Financial Tribune – The Central Bank of Iran said on Saturday it has fulfilled its commitment of delivering the gold coins purchased…
Rising prices push homebuyers out of Iran’s capital
Bourse and Bazaar | Sepehr Arefmanesh: A 41 percent rise in Tehran City’s average home prices has left some residents, especially renters,…
Parliament to pass bill against economic corruption
MNA – An Iranian Member of Parliament recounted that the parliament is going to ratify a new bill to set up a…
Iran central bank forex chief arrested: judiciary
AFP – The Iranian central bank’s top foreign exchange official has been arrested, the judiciary said Sunday, a day after he was…
Iranian president endorses presence in parliament to answer questions
FNA – Iranian President Hassan Rouhani stated on Sunday that he would appear at an open session of the parliament to answer…
New forex package expected to comply with Majlis stance
Financial Tribune – The government’s new package to salvage the volatile currency market agrees with the lawmakers’ own plans for strengthening the…
Veep Jahangiri: Iran to announce new mechanism to prevent further rial depreciation
MNA – The Iranian First Vice-President Es’hagh Jahangiri said Sat. that a new set of forex policies to bring the rial depreciation…
More Azerbaijanis eager to visit Iran as Rial sags
MNA – As Azerbaijani national currency Manat gains strength against Iranian Rial, more people from the northern neighboring country are eager to…
Senior Iranian clerics ask Rouhani to fight corruption
Al-Monitor – As a third day of protests erupted across major Iranian cities over the country’s worsening economic situation, the clergy in…
TEDPIX ends trading week near 124,000
Financial Tribune – Tehran Stock Exchange’s main index gained 2,777.76 points or 2.29% on Wednesday to end trading at 123,951.3. About 2.13…
Upsurge in car prices batters Iran auto market hard
Financial Tribune – A new wave of higher car prices has arrived; pushing decent rides further out of average Iranians’ reach and…
Iranian artists show solidarity as nation grapples with economic woes
Al-Monitor – An acclaimed singer of traditional Persian music has offered to hold free, open-air street concerts to alleviate the everyday pains…
Iran to float pricing for Dollar after Rial’s drastic crash
Press TV – Iran is working on a plan to create a floating mechanism for pricing the US Dollar to help prevent…
Leader urges Rouhani to crack down on corruption
MNA – Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei called on President Rouhani to adopt more serious measures in fight against…
Iran’s rial gains after Trump dials back escalated rhetoric
Bloomberg | Golnar Motevalli: Iran’s rial rebounded from a series of record lows on Tuesday, after President Donald Trump said he would…
Iran Prosecutor General alarms those behind price hikes
Tasnim – Prosecutor General of Iran Mohammad Jafar Montazeri gave a stern warning to the elements behind the recent fluctuation in currency…
Larijani: New rules to curb economic disruption may be applied on Sat.
MNA – Parliament Speaker Ali Larijani said that new norms and criteria for fighting economic disruption may be announced and applied next…
Parl. to impeach labor minister
MNA – In its open session on Wednesday, a number of 40 members of the Parliament requested to impeach Minister of Labor,…
Basij ready to help government in economic war
MNA – The Commander of Iran’s Basij Resistance Force Gholamhossein Gheybparvar said on Wednesday that Basij is ready to help government in…
30 major coin purchases funded by six banks
Financial Tribune – Tehran Prosecutor Abbas Jafari Dolatabadi said investigators in a high-profile probe to crack down on suspected fraud in the…
Free concert for Iranians to feel better amid economic woes
IFP – Homayoun Shajarian, a well-known Iranian singer, says he is ready to perform a free outdoor concert in order to help…
MPs praise Judiciary measures to curb economic corruption
MNA – A group of Iranian members of Parliament signed a letter to Judiciary Chief Ayatollah Sadeq Amoli Larijani, appreciating the efforts…
Politician calls for CBI governor prosecution
MNA – Parviz Sorouri, the Secretary General of the Society of Pathseekers of the Islamic Revolution called for the prosecution of former…
Iran’s rial at historic low as U.S. sanctions loom
The Wall Street Journal | Asa Fitch in Dubai and Aresu Eqbali in Tehran: Iran’s local currency hit another record low against the U.S. dollar…
Iran hotels weighing double-currency pricing
Financial Tribune – The Iranian Hoteliers Association is reviewing its pricing policy to allow hotels to offer a double-currency payment system, a…
Major coin purchasers under tax probe
Financial Tribune – The top 50 gold coin dealers have been identified and introduced to the Iranian National Tax Administration, as part…
Iran says spying serivces playing role in economic turmoil
IRNA – Enemies’ intelligence services have played a role in the current economic turmoil in the country, Iranian parliament speaker said on…
“Iranian government to resolve economic crisis soon”
IFP – Iran’s First Vice-President Es’haq Jahangiri says the new economic conditions in Iran will not continue and the government plans to…
Gov’t under pressure to do more to stop rial’s historic plunge
IFP – The Iranian government is under great pressure to take more steps to normalize what the Central Bank calls “unusual” economic…
Forex market developments irrelevant to economic realities
IRNA – Central Bank of Iran (CBI) said in a statement on Sunday that recent developments in foreign exchange and gold markets…
Judiciary spox: 29 people arrested for ‘economic disruption’
MNA – Iran’s Judiciary spokesman said Sun. that twenty-nine people have been arrested on charges of ‘economic disruption’ and will be soon…
Iran currency’s value continues to fall
Tasnim – While Iran’s market has experienced a hike in the value of foreign currencies and gold coin prices in recent months,…
Iran’s currency in free fall as American sanctions loom
AP — Iran’s currency is continuing its downward spiral as increased American sanctions loom, hitting a new low on the thriving black…
Iran arrests 18 over vehicle import fraud, currency crisis
Trend News Agency – The spokesman of Iran’s judiciary said a total of 18 people have been arrested over vehicle import fraud…