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…
Currency Crisis
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…
20 foreign currency dealers arrested in Iran
Azer News – Around 20 foreign currency dealers have been arrested in Iran, Tehran prosecutor Abbas Jafari-Dolatabadi said. He said that with…
Tehran Market: Gold prices move toward relative calm
Financial Tribune – Gold prices are relatively stable according to the head of Iran’s Specialized Gold and Jewelry Commission. Speaking on state…
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…
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…