CBI governor vows improving foreign currency market conditions
FNA – Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said despite the US maximum pressures, the country expects improving…
Currency Crisis
Iran’s rial hits record low as tension spikes with the US
Reuters – The Iranian rial fell to a record low against the U.S. dollar on the unofficial market on Sunday, a day…
Currency, gold keep climbing
Financial Tribune – Forex rates moved above 260,000 rials on Sunday to extend a rally that has strengthened since the beginning of…
Iran’s currency hits new record low against the dollar
AP — Iran’s currency on Saturday dropped to its lowest value ever against the dollar, and has seen its value fall by…
Forex, gold move higher in Tehran
Financial Tribune – After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday…
Dollar rallies above 240,000 rials
Financial Tribune – Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in…
Judiciary: 11 individuals convicted for disrupting Iran’s currency market
Tehran Times – Judiciary spokesman Gholamhossein Esmaeili announced on Tuesday that 11 individuals were found guilty of disrupting the country’s foreign currency…
Forex and gold firm in Tehran market
Financial Tribune – Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in…
History repeats itself in Iran’s currency exchange market
Al-Monitor – The Iranian rial continues to lose value against foreign currency, as exporters face high costs due to sanctions and the…
Iran, Iraq to finalize foreign currency deal
MNA – An official from the Central Bank of Iran (CBI) informed that Iraq and Iran are on the verge of finalizing…
Forex, gold rise again in Tehran
Financial Tribune – The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials…
Forex, gold back to old ways
Financial Tribune – After a brief hiatus major currencies resumed rallies going back to their bad old ways in Tehran on Wednesday…
President Rouhani: US trying to disrupt Iran’s forex market
Tasnim – Iranian President Hassan Rouhani said on Thursday that the US has hatched new plots to harm Iran’s economy by disrupting…
What you should know about Iran’s weakening currency
Bourse and Bazaar | Esfandyar Batmanghelidj: The Iranian rial has hit a historic low against the dollar, adding to the perception that…
Rouhani says Govt adopts measures to improve capital market and currency fluctuations
IRNA – Iranian President Hassan Rouhani said on Tuesday that the Government adopted measures to improve capital market and currency fluctuations. Rouhani…
Forex rates rise unabated in Tehran market
Financial Tribune – Currency rates are rising unabated in Tehran with exchange bureaus affiliated to, and working for, the Central Bank of…
Iran rial slides to new low as coronavirus, sanctions weigh
Reuters – The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday, as the…
Rial erases gains
Financial Tribune – Major foreign currencies rallied again in Tehran’s open market on Sunday with the dollar bouncing back to 202,000 rials,…
Iran’s central bank injects cash to lift rial, governor says
Reuters – Iran’s Central Bank has injected hundreds of millions of dollars to stabilise the currency market, bank governor Abdolnaser Hemmati said…
Rial settles 5.6% up
Financial Tribune – Iran’s national currency pared more of earlier losses on Thursday, gaining 5.6% against the dollar in two days after…
Dollar dips 4% in Tehran
Financial Tribune – The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped…
Rial bashing continues
Financial Tribune – Iranian rial hit new lows against major currencies on Tuesday with the US dollar breaking above the psychological 200,000…
Iran Pres says CBI capable of harnessing forex fluctuations
IRNA – Iranian President Hassan Rouhani announced on Wednesday that the Central Bank of Iran (CBI) is capable of getting fluctuations in…
Iran’s Rouhani says national currency’s fall is temporary: TV
Reuters – A further slump in Iran’s rial is “temporary”, Iranian President Hassan Rouhani said on Tuesday after the currency sank to…
Iran’s currency hits lowest value ever against the dollar
AP — Iran’s currency has dropped to its lowest value ever at 190,000 rial for each dollar amid severe U.S. sanctions against…
Iranian rial drops to lowest rate since September 2018 against dollar
Reuters – The Iranian rial hit its lowest rate against the dollar since September 2018 on the unofficial market on Thursday, a…
Forex at 20-month high in Tehran market
financial Tribune – Major currencies on Thursday hit the highest rates since September 2018 with the dollar traded at 180,000 rials in…
As Iran’s exports drop, pressure rises on its currency reserves
Radio Farda – The Islamic Republic customs data for the first two months of the new Iranian calendar year (beginning March 20,…
Currency and gold weaken in Tehran market
Financial Tribune – The currency market experienced a significant downturn on Wednesday after more than two weeks of bull market amid a…
Iran’s CB solicits help from moneychangers to restore calm to currency market
Financial Tribune – Fluctuations in forex market in recent months have compelled the Central Bank of Iran to seek help from authorized…
Iran chief banker says forex prices will be restored to normal levels
Press TV – Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati says he is sure foreign currency prices will return…
Iranian rial drops to lowest rate since September 2018 against the US dollar
Reuters – The Iranian rial hit its lowest rate against the U.S. dollar since September 2018 on the unofficial market on Tuesday,…
With inflation ravaging currency, Iran is changing names and numbers
The New York Times | Farnaz Fassihi: The rial unit of currency, which has lost much of its value against the dollar,…
Iran’s currency is set to get a new name — and lose four zeros
CBS | Seyed Bathaei: The head of Iran’s Central Bank announced Monday that the nation’s currency was set to be re-named and…
Iran chops off zeroes from currency, changes ‘rial’ to ‘toman’
MNA – Iranian lawmakers approved on Monday a monetary bill to shave four zeroes off the national currency. As per the bill…
Currencies gain, gold slightly lower
Financial Tribune – Spike in foreign currency rates gained momentum on Monday after an average 3% climb a day earlier. Each US…
Iran: Currency, gold descend after big leaps
Financial Tribune – Foreign exchange rates and gold coin prices fell on Saturday following Central Bank of Iran measures to moderate rates…
Currency rates climb in Tehran for 3rd straight day
Financial Tribune – The rial extended a losing streak against major currencies for the third day on Wednesday, pushing the Central Bank…
Coronavirus panic causes more woes for Iran’s currency: Chart
Bloomberg | Paul Wallace: The spread of the coronavirus to Iran, which has more confirmed cases than anywhere in the Middle East,…
Currency, gold rally to new highs in Tehran
Financial Tribune – Currency rates jumped against the rial on Saturday in Tehran market amid rising demand and apparently a shortage in…