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,…
Tag Archives: Iran’s currency crisis
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 coverage: National currency’s fall is temporary: President Rouhani
Daily look at Iran’s late-breaking news and upcoming events: Iran’s Rouhani says national currency’s fall is temporary: TV A further slump…
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…
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: 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…
Currency at new low; Iran’s CB says will defend Rial
Financial Tribune – Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial…
Iran’s chief banker says stability will return to Iran forex market soon
Press TV – The governor of the Central Bank of Iran (CBI) says prices of foreign currencies will return to normal levels…
Dollar down in Tehran
Financial Tribune – The US dollar declined by 1.45% on Tuesday in Tehran ands was worth 119,990 rials. On Saturday the greenback…
Currency rates on upward trajectory
Financial Tribune – The foreign exchange market in Tehran was in turmoil on Saturday amid investors’ pessimism over the prospect of another…
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…
National currency regains 21% of its value: CBI gov.
MNA – Governor of Central bank of Iran says the national Iranian currency, rial, has regained its value by 21 percent against…
Iran’s Central Bank chief speaks out on currency plunge, $15 billion French credit line
Al-Monitor | Rohollah Faghihi: In an exclusive interview with Al-Monitor, the governor of Iran’s Central Bank, Abdulnaser Hemmati, said he has been…
Iran: Forex fluctuations impact domestic travel behavior
Financial Tribune – A weak local currency has proved to be a boon to Iran’s inbound tourists while a nemesis to its…
Forex falls in Tehran
Financial Tribune – Currency rates continued to descend in markets across the country on Wednesday as businesses took some relief from weeks…
Tehran market: Currency and gold down
Financial Tribune – Currency rates have been of the declining order since last Tuesday amid widespread presence of the Central Bank of…
Prices of foreign currencies remain unchanged in Iran, according to official rate
Azer News – The prices of foreign currencies remained unchanged according to the official exchange rate of Iran, Trend reports referring to…
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 Rial loses more value against major currencies
Radio Farda – Iran’s battered currency took another significant dive on Sunday against major currencies, breaching the 150,000 rial to the dollar…
CBI to launch new mechanism next week to curb rising prices in foreign currency market
MNA – An official with central bank of Iran (CBI) says that the previously announced one single organized foreign currency market will…
Iran currency, gold enter bull market
Financial Tribune – A mid the upbeat in the Tehran stock market, gold and currency closed the week bullish despite decline in…
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,…
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…