Iranians line up at dawn for a sanctions meal they can afford
Bloomberg | Golnar Motevalli: Just after dawn Fatemeh Ansari Mokhtari stood alone outside Tehran’s Shahid Baharloo supermarket, gripping the edge of her…
Currency Crisis
Iran sees stable currency market after turbulent year
Press TV – Iran’s central bank governor Abdolnaser Hemmati says the government is in full control of the currency market that was…
Rouhani: Subsidy policy reform coming
Financial Tribune – Rouhani said despite the pressures and tensions, the government and the central bank were able to control currency rates…
Confronting failure, Iran government mulls new currency policy
Bourse and Bazaar | Maziar Motamedi: Despite mounting evidence that the Iranian government’s policy of allocating subsidized foreign currency for the importation…
Iran’s central banker says subsidies for imports have failed to keep prices low
RadioFarda – The head of Iran’s Central Bank has said that subsidized dollars for imports of essential goods, including medication and food…
Iran: Subsidy choices take center stage
Financial Tribune – Where oversight mechanisms cannot be enforced by the government, allocating subsidized currency will not help but hinder because “the…
CBI to launch new mechanism next month to keep control over forex market
MNA – The governor of the Central Bank of Iran (CBI) has announced the launch of an organized market to keep the…
Central bank chief: Nothing but ‘psychological atmosphere’ can affect currency market
MNA – Governor of the Central Bank of Iran (CBI) said Tue. that except for a ‘psychological atmosphere’, nothing can negatively affect…
Iran currency market calm
Financial Tribune – Foreign exchange rates declined on Thursday, after a week of flurry brought the US dollar close to the psychological…
Rouhani’s aide says Gov’t prefers lower forex rates
Financial Tribune – President Hassan Rouhani’s chief of staff has denied recent claims by selected news outlets that the government for politically…
Iran: Gold and forex rise, stocks fall
Financial Tribune – Foreign exchange rates and gold began the week in a bullish mood as the two surged on Saturday in…
Iran’s CB announces new incentives for currency repatriation
Financial Tribune – In a bid to encourage companies to return their export earnings to the country, the Central Bank of Iran…
Iran launches gold-backed cryptocurrency ‘PayMon’
Crypto Globe | Francisco Memoria: The Islamic Republic of Iran has reportedly launched a gold-backed cryptocurrency called “PayMon” – the Persian word for…
Gold, forex settle lower in Tehran market
Financial Tribune – Mohammad Kashtiaray, president of the specialized gold commission at the Iran Chamber of Guilds, says the gold coin has…
Iranian central banker sees stable rial despite pressure from US
Bloomberg | Golnar Motevalli: Iran has adequate currency supplies to cover trade, and the rial has stabilized after “a heavy attack” from…
Central Bank of Iran closing loopholes in currency allocation
Financial Tribune – The Central Bank of Iran is going to launch a mechanism for tracking forex allocated to the import of…
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…
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…