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…
Tag Archives: Iran’s currency crisis
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…
Iran acted appropriately in preserving currency value: Envoy
IRNA – Iran’s Ambassador in London Hamid Baeidinejad said on Wednesday that despite sanctions imposed on Iran, Tehran acted appropriately in maintaining…
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…
Iran’s Central Bank to launch integrated currency market
Tasnim – The Central Bank of Iran is going to launch a unified currency market that would handle the flow of money…
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…
The economic war against Iran
LobeLog | Esfandyar Batmanghelidj: There is a telling line in Thomas Erdbrink’s recent report on Iran’s roiling currency crisis. Erbrink speaks to Kaveh…
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…
Dropping zeros from bills to stabilize Iran economy: Agency
IRNA – Iran’s decision to slash four zeros from its currency will improve the economic situation in the country and gain more…
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…
Iran executes another economic saboteur in Tehran
Tasnim – Another man has been executed in the Iranian capital on charges of economic corruption on Saturday as part of the…
Iran intelligence forces arrest economic disruptor with fake ID
MNA – Iranian Intelligence Minister Seyed Mahmoud Alavi said Wednesday that an Iranian economic disruptor who had fled the country, resettling abroad,…
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…
CBI calls on banks, exchange shops to buy ordinary people’s dollars
MNA – As the prices of foreign currencies against that Iranian rial continued to fall on Wednesday, the Central Bank of Iran…
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…
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 SEO says ready to launch currency futures
Financial Tribune – Head of the Securities and Exchange Organization said the SEO is willing to launch a market for currency futures…
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.…
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…
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…