Forex rates decline continues in Tehran market
Financial Tribune – The currency market in Tehran stabilized further on Sunday with the USD exchange rate dropping below the support level…
Currency Crisis
196 suspects detained over foreign currency crimes
MNA – The spokesman of Iran’s judiciary Gholamhossein Mohseni-Eje’i announced that 196 suspects have been detained in the capital city of Tehran…
Iran maneuvers to win back public trust in the rial
Al-Monitor | Maziar Motamedi : After months of a drastic and ongoing depreciation, the Iranian rial started recouping losses last week, mostly…
Why declining outbound tourism can be a good thing for Iran
Financial Tribune – As currency fluctuations continue to batter Iran’s economy and increase travel costs, the number of Iranians visiting other countries…
Iran’s housing sector rocked by currency crisis
Financial Tribune – After enjoying a short period of growth on the back of stable outlooks and government support, Iran’s housing and…
How Iran’s quasi-state firms intensify currency crisis
Al-Monitor | Saeed Jalili: While many observers ascribe the weakening of the Iranian rial in recent months to the psychological impact of…
$2.8b of non-oil export revenues sold in Iran’s secondary forex market
Financial Tribune – Figures from the Central Bank of Iran show that foreign currency revenues from non-oil exports from August 7 to…
Consumer prices dropping in Iran as currency regains value
Al-Monitor – With Iran’s national currency getting back on its feet in a fast-track trend that started this week, consumer prices in…
Jahangiri told Parl.: Dollar-to-rial rate falling
MNA – The Iranian first vice-president Es’hagh Jahangiri assured the MPs that the decreasing trend in currency rate will continue, said Shahbaz…
Iranians mob money changers to sell dollars as rial jumps
Al-Monitor – After months of steep falls in value, the Iranian rial enjoyed a massive rebound Oct. 1-2, rallying 30% against foreign…
How the Rouhani administration can contain excess liquidity
Al-Monitor | Navid Kalhor: Inflation is quickly rising in Iran on the back of a continuous and uncontrollable growth of liquidity. Two…
Jahangiri apologizes to Iranians over problems as rial firms
Press TV – Vice President Es’haq Jahangiri has apologized to Iranians over economic problems in the face of US sanctions, assuring that…
Minister: gold coin, dollar rate to drop
MNA – Interior Minister Abdolreza Rahmani Fazli said on Tuesday effective decisions have been made to alleviate the foreign currency and gold…
Tehran stocks in the green on liquidity flow
Financial Tribune – Tehran’s main stock gauge closed in the black on Sunday to post another all-time high as the deluge of…
Iran’s CB: New route to help meet currency needs
Financial Tribune – Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a…
Iranian official announces new packages for regulating currency market
Tasnim – Head of Iran’s Plan and Budget Organization said the administration is going to implement five new packages of measures to…
Iran sentences three to death for economic crimes: state TV
Reuters – Special courts set up in a drive against financial crime have sentenced three people to death, state television reported on…
Iran authorizes central bank to intervene in foreign exchange market: state TV
Reuters – Iran on Saturday authorized the central bank to intervene in the foreign exchange market, state television reported, after its rial…
FX rates cross new threshold in Tehran market
Financial Tribune – Iran currency market was hit with a new bout of volatility on Wednesday with the US dollar crossing another…
Tehran Market: Euro and USD keep climbing
Financial Tribune – Foreign exchange rates were again defiant and continued to climb on Tuesday with the US dollar surpassing the all-time…
Yes, Iran’s economy is suffering—but it’s not all about the U.S.
Foreign Affairs | Djavad Salehi-Isfahani: Iran’s currency, the rial, has lost two-thirds of its value in the last six months, much of…
Iranian rial hits record low of 170,000/dollar – Tasnim news agency
Reuters – The Iranian rial hit a record low against the U.S. dollar on the unofficial market on Wednesday, the Tasnim news…
Currency, gold at new high in Tehran market
Financial Tribune – The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other…
Central Bank of Iran: Currency inflow growing steadily
Financial Tribune – Governor of the Central Bank of Iran said on Saturday that since his bank allowed the import of hard…
Iran Auto Market: Another price hike in the offing
Financial Tribune – Market observers are anticipating a new round of car price jumps in the coming days as the auto market…
Iran bans former central bank governor Seif from leaving country
Bloomberg – Iran’s former Central Bank Governor Valiollah Seif, who’s under investigation, has been banned from traveling abroad, state-run Tasnim news agency…
Iran: Crypto trading continues to decline since CBI ban
Financial Tribune – Cryptocurrency transactions in Iran have significantly declined since April when a blanket ban came into effect. As Sepehr Mohammadi,…
Iran’s currency crisis is decades in the making
Bourse and Bazaar | Navid Kalhor: The deliberate devaluation of the national currency is a staple of modern monetary policy. Its thoughtful…
Rial’s depreciation threatening Iran’s border markets
IFP – Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the…
Iran government to authorize crypto hardware imports
Financial Tribune – Key entities in Iran’s government are preparing to officially endorse the import of hardware required to mine cryptocurrency in…
7 charts that challenge the distorted view of Iran’s economy
Bourse and Bazaar | Esfandyar Batmanghelidj: Recently, a number of people have insisted to me that Iran has squandered its chance to…
Iranian president appoints ex-CBI chief as banking adviser
Tasnim – Iranian President Hassan Rouhani appointed the former governor of the Central Bank of Iran (CBI) as his new adviser in…
Supervisory, intelligence agencies endeavor for economic management
IRNA – Secretary of the Guardian Council Ahmad Jannati urged dealing with the economic disturbances, management of economic situation as soon as…
Liquidity surpasses $150b
Financial Tribune – The total volume of liquidity in Iran reached 16.02 quadrillion rials ($150.43 at market exchange rate) by the end…
Currency repatriation rules notified
Financial Tribune – The Central Bank of Iran notified a directive on Monday, elaborating on rules based on which exporters are required…
Iran’s Central Bank signals possible interest rate hike
Al-Monitor | Maziar Motamedi: As the rial fails to regain lost ground and Iran’s markets are imperiled by a high volume of liquidity,…
Iran’s Rouhani: Currency volatility due to foreign pressure, domestic issues
Financial Tribune – President Hassan Rouhani on Saturday weighed in on foreign exchange volatility that has seen the rial sink to consecutive…
Rial regaining value against foreign currencies: CBI governor
MNA – Iranian Central Bank Governor Abdolnasser Hemmati says that with the CBI’s intervention in foreign exchange market, the rising trajectory of…
Ex-CBI chief under investigation over corruption case: Judiciary
Tasnim – The Iranian Judiciary is investigating the former governor of the Central Bank of Iran (CBI) over recent economic corruption cases,…
Iran’s currency crisis is a supply-side story
Bourse and Bazaar | Esfandyar Batmanghelidj: On Monday, the Iranian rial sank to a historic low. But those Iranians who scrambled to convert their…