New Iranian note with pale zeros symbolizes transition to new currency
The Central Bank of Iran (CBI) has launched a new version of the most frequently-used bank note in the country to signify…
Tag Archives: Iranian rial
Dollar down 7% in Iranian market as US votes looms large
The Iranian rial has risen more than seven percent against the US dollar as investors keep betting on the result of the…
Iran’s rial rises as Trump’s illness hurts re-election bid, report shows
Iran’s rial has risen against the US dollar in the unofficial market mainly on speculations that US President Donald Trump’s illness could…
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…
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…
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 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,…
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…
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’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…
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…
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…
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,…
Iranian rial plunges as coronavirus threatens export lifeline
Reuters | Davide Barbuscia, Babak Dehghanpisheh: Iran’s rial hit a one-year low against the dollar on Wednesday as a sharp rise in…
FATF ruling pushes Iran’s rial to fresh lows in unofficial trade
Press TV – Iran’s rial has hit new lows in unofficial trade after a decision by the Financial Action Taskforce (FATF) to…
Parl. commission approves slicing off 4 zeros from national currency
MNA – The Parliament Economic Commission has ratified elimination of four zeros from Iranian national currency, Rial. Being approved in a future…
Central Bank of Iran steps in to support rial
Financial Tribune – The rial regained some lost territory against the US dollar on Wednesday after the Central Bank of Iran intervened…
Iran’s rial rebounds after days-long drop over fuel price hike
Press TV – Iran’s rial has regained some footing after days of slide that began following a government decision to increase the…
Iran chief banker warns against speculation as currency prices surge
Press TV – The governor of the Central Bank of Iran (CBI) has warned the people against engaging in fresh round of…
CBI chief highlights Iranian rial’s rise against US dollar
Tasnim – Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the stability in the country’s foreign exchange market and…
Iran’s rial rebounds despite tightening Trump sanctions
Bloomberg – Iran’s currency has appreciated 40% in the past year, the country’s central bank governor said, recovering from historic lows reached…
Iran to scrap rial for good as parseh becomes small currency unit
PressTV – The rial, the currency unit used consistently in Iran for almost a century, will be totally abandoned once the country…
Hemmati supports Toman against Rial
Financial Tribune – Governor of the Central Bank of Iran says lopping off four zeros from the national currency will not impose…
Don’t look now, President Trump: Iran’s currency is soaring
Bloomberg | Paul Wallace: If there was a currency you wouldn’t expect to be strengthening, it would be Iran’s. But the truth…
Iran’s currency begins to shrug off Trump’s ‘battle rial’
Bourse & Bazar – Over the last 18 months, the Iranian rial has lost nearly 70 percent of its value, hammered by…
Iran currency slips to around 7-month lows as US tensions rise
Reuters – Iran’s rial currency extended its fall on Tuesday, hovering around a seven-month low against the U.S. dollar, foreign exchange websites…
Iran’s central bank under pressure to print money, weaken rial
Al-Monitor | Maziar Motamedi: A disagreement between the Central Bank of Iran and factions of the government, backed by lawmakers, over profits…
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…
Minister: Experts working on cutting 4 zeros off Iran’s rial
IRNA – Minister of economic affairs and finance Farhad Dejpasand said on Tuesday that experts are currently working on a proposed mechanism…
Lopping four zeros off rial to take about 2 years
MNA – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Mon. that removing four zeros off national currency…
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…
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 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 carries out export transactions with Iraq, Afghanistan through rial
AzerNews – Iran carries out export transactions with Iraq and Afghanistan by using rials, chairman of the Iranian Ceramic Producers Syndicate Behnam…
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…