Iran: Regulated forex market structure announced
Financial Tribune – In a meeting attended by officials from the Central Bank of Iran and an association comprising players in upcoming…
Currency Crisis
Top banker upbeat on durable stability in Iran’s currency market
Tasnim – The Central Bank of Iran would maintain control over the country’s currency market despite the hostile attempts by the US…
Gold in Tehran steady despite Int’l rally
Financial Tribune – Despite an uptick in gold prices in international markets on Monday, the yellow metal stayed almost unchanged in Tehran…
Currency reconversion not a turning point in economic reformation
MNA | Haniyeh Sadat Jafariyeh: One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of…
Top banker: Removing zeros from Iran’s currency not to impact inflation
Tasnim – Governor of the Central Bank of Iran described a plan to lop off four zeros from the country’s currency as…
Iran’s Intelligence busts network of currency fraud, money laundering
Tasnim – The Iranian Intelligence Ministry apprehended members of a network that has been earning huge profits by smuggling foreign currency, tax…
Iran’s Central Bank urges exporters to return currency earnings
Financial Tribune – In its latest directive, the Central Bank of Iran, on Tuesday urged exporters to return their export earnings to…
Court hearing session of forex misusers held in Tehran
IRNA – The first session of the court hearing for six misusers of forex market fluctuations was held here on Tuesday. Two…
Tehran currency market becomes more stable
Financial Tribune – After unexpected gains in currency rates over the past week, the market returned to stability on Thursday. On the…
Iran consumer prices remain stubbornly high despite rial recovery
Al-Monitor | Saeid Jafari: Following months of turbulence this year, the Iranian rial has regained a significant portion of its lost value…
Forex rates rise in Tehran market
Financial Tribune – Foreign exchange rates on Tuesday registered dramatic increases after weeks of stability that saw the rial recover much of…
Iran busts network involved in banking, currency fraud
Tasnim – Iran’s Intelligence Ministry arrested members of a major network that had swindled the country’s banks out of millions of euros…
CBI reports measures taken for controlling forex market to top authorities
MNA – The Central Bank of Iran (CBI) reported the measures it has taken so far for controlling foreign exchange market to…
CBI has full control over the currency market: Official
IRNA – Central Bank of Iran (CBI) retains its current policies on controlling the currency exchange market based on the experts’ viewpoints…
Renewed warning on cryptocurrency trade in Iran
Financial Tribune – Trade in cryptocurrency and bitcoin is legally prohibited and no permission, either from Central Bank of Iran or other…
Official: Iran, Iraq in talks for trade in own currencies
Tasnim – The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq…
Central Bank eases currency rules for foreign trade
Financial Tribune – The Central Bank of Iran is ready to buy at negotiated rates the foreign currency of exporters whose earnings…
Iran: Gold coin slumps to 4-month low
Financial Tribune – Following the slump in currency rates in Tehran market, the gold coin has also dropped in value in recent…
Iranian Rial near 3-month high against USD
Financial Tribune – Promising news about Iran being able to export its oil to its main customers, along with other measures taken…
Iran judiciary upholds another death sentence for economic corruption
Al-Monitor – In an attempt to address economic issues and root out corruption, Iran’s judiciary has handed out another death sentence and…
Iranian economic corruptor death sentence approved
IRNA – Iran’s judiciary spokesman announced that the death sentence of Hamid Baqeri Darmani was approved by the Supreme Court for bribery…
Iran Supreme Leader urges currency boost: central bank
Reuters – Iran’s Supreme Leader Ayatollah Ali Khamenei has “ordered” the central bank to boost the value of rial, the bank’s governor…
Iran’s CB allocates €6.8b for imports via secondary currency market
Financial Tribune – The Central Bank of Iran said after the creation of the secondary foreign exchange market – known by its…
Why Iran’s currency repatriation rules threaten rising exports
Al-Monitor | Maziar Motamedi: When the administration of President Hassan Rouhani fixed the exchange rate of the Iranian rial against the US…
Tehran: Gold coin slips in tandem with currency rates
Financial Tribune – Gold prices in Tehran fell 10% during the week to November 29 following the drop in foreign exchange rates.…
Iranian lawmaker says forex rates should be of descending order
Financial Tribune – Following the recent decline in foreign currency rates, the price of goods which leaped (thanks to earlier exchange rate…
Iran Central Bank chief says foreign currencies’ prices to decline further
MNA – Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said Wed. that the declining trend of the foreign currencies’…
Iran’s rial rebounds but problems far from over
Press TV – The Iranian rial is gaining some respite from its record losses against the dollar after the country had to…
Iran Currency Market: Rial firms as forex power diminishes
Financial Tribune – Foreign exchange rates are of the declining order in the final days of November thanks to a stronger presence…
The app destroying Iran’s currency
Foreign Policy | ROHOLLAH FAGHIHI: Iranians are using the messaging app Telegram to spread fake news about the rial—and make a profit…
Iran’s currency repatriation rules revised
Financial Tribune – Iran’s central bank has communicated the details of the latest currency repatriation rules that oblige all exporters to repatriate…
Iran: Stocks nosedive as national currency gains
Financial Tribune – Another reason for the selloff was said to be Saturday’s initial public offering of Gohar Zamin iron Ore Company…
Forex rates decline further in Tehran market
Financial Tribune – Foreign exchange rates continued their downward trend on Tuesday even as new US sanctions are being imposed on Iran.…
Iran currency market relatively calm
Financial Tribune – The rial has been keeping relatively steady since the reimposition of US sanctions last week, a fact reflected in…
Iran currency market: Rial seems unperturbed by new US restrictions
Financial Tribune – The rial rallied on Saturday paring much of its losses during the past week even as the US sanctions…
Smuggling surges as US sanctions hit Iranian rial
Al-Monitor | Bijan Khajehpour: The foreign exchange policies that have emerged in Iran in the aftermath of the sudden devaluation of the…
Iran turns to tourism to earn hard currency, create jobs
Al-Monitor | Maziar Motamedi: As another round of broad US sanctions against Iran is set to be implemented, the Islamic Republic is…
CBI: No currency shortage for aviation firms
IRNA – Central Bank of Iran (CBI) on Wednesday dismissed claims on currency shortage for aviation companies, and said supplying currency has…
Trial of 5 economic disrupters commence
IRNA – The first open trial session of five economic disrupters accused of disturbing the foreign currency system of the country began…
Forex rates gain in Tehran market
Financial Tribune – Foreign exchange rates gained on the Tehran currency market on Sunday for the first time after a period of…