Forex rates dip in Tehran markets
Financial Tribune – With last week’s brief volatility behind, the currency market in Tehran experienced more stability on Saturday. The US dollar,…
Tag Archives: Iran’s currency crisis
CBI chief warns of enemy plots to disrupt Iran’s foreign exchange market
Tasnim – Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s…
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…
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: 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’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…
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…