Hemmati underscores need for rial revaluation
Financial Tribune – Governor of the Central Bank of Iran says removing four zeros from the rial is one necessity of the…
Tag Archives: Rial
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…
Getting around sanctions with crypto-rial
MNA – In April 2018, the Central Bank of Iran banned domestic banks and people from dealing in foreign cryptocurrency because of…
Role of ‘rial’ to be strengthened in global exchanges
MNA – Minister of Industry, Mine and Trade Reza Rahmani said that role of Iranian ‘rial’ would be strengthened in financial exchanges…
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…
Iran steers exporters to defend Rial against US sanctions
Bloomberg – Iran’s reshuffled economics team is trying a new tactic to defend the rial against U.S. sanctions — ordering exporters to…
Official: Iran, Iraq in talks for trade in own currencies
Tasnim – The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq…
Iran likely to offer oil via its stock exchange in rial
MNA – The Iranian Oil Minister Bijan Namdar Zanganeh said Sun. that oil will probably be offered via stock exchange in Iranian…
How rial’s devaluation may boost Iranian economy
Al-Monitor | Navid Kalhor: The money supply in the Iranian economy exceeds $355 billion at the official exchange rate, remarkably surpassing total economic output of $331…
Iranian rial hits record low; dealers stop trading dollar, euro
Bloomberg | Golnar Motevalli: The Iranian rial hit a record low against the U.S. dollar for the second time in two months…
Iran arrests currency traders in attempt to halt rial’s slide
Bloomberg | Ladane Nasseri and Golnar Motevalli: Iranian authorities closed almost a dozen currency-exchange offices and arrested traders, part of an effort to…
Why is Iranian rial suddenly weakening?
Al-Monitor | Bijan Khajehpour: A recent devaluation of the rial on the so-called free market in Iran has raised concerns that the…
CBI gov.: Rial redenomination possible only after 2019
MNA – Central Bank Governor Valiollah Seif has said dropping few zeros from banknotes will be possible only after 2 years. Mr.…
Currency market stabilizes as rial slightly gains
Financial Tribune- The end of the current Iranian year in March will bring about an end to currency fluctuations plaguing the market,…
Russian-Iranian banking partnership aims to ditch Dollars for Rials and Rubles
Russian banks are welcome in Iran, where the Russian-Iranian Chamber of Commerce is actively working on opening a joint Russian-Iranian bank, Bahram…
Russia, Iran to create account for payments in their currencies – RIA
Jan 27 (Reuters) – Russia and Iran plan to create a mutual account for bilateral payments in national currencies, RIA news agency…
Iran daily: High-level regime delegation visits Syria’s Assad — sign of growing concern?
Iran has sent a high-level delegation, led by top official Ali Shamkhani, to Damascus for talks with Syria’s President Assad. Shamkhani has…
Iran rial gains as central bank cancels cheaper rate for dollar
The Iranian currency appreciated in unregulated trading after the central bank canceled its fixed, subsidized rate for the dollar. The rial strengthened…
Iranian rial up on upbeat mood over economy
Iran news headlines on Sunday include rising of Iranian rial currency; country navy commander dismissal of Israel’s growing war rhetoric against Iran as insignificant; inscription…
Iranian currency gains on change in presidency
AFP – The Iranian rial has strengthened by more than 15 percent against the dollar since the victory of moderate Hassan Rowhani who…
Iranian rial climbs 10 percent
Iran news headlines on Thursday include rising of Iranian rial currency by nearly 10 percent; Mohammad Khatami reamrks over giving Rowhani more time…
Iranian rial climbs 10 percent as hopes grow over new president
(Reuters) – The Iranian currency, the rial, rose further on Thursday on hopes the country’s deep economic crisis could ease under its…
Iranian rial gains as Rohani pledges to seek sanctions relief
The Iranian rial, whose plunge triggered an inflation crisis, is gaining in the unregulated market after President-elect Hassan Rohani said he would…
Sanctions help to stoke Iran property boom but bubble feared
(Reuters) – The Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs…
Iranian currency pays price for nuclear impasse
Iran’s currency suffered another steep drop after the nuclear talks in Almaty failed to achieve any palpable results. Reports from Iran indicate…
Iran rial strengthens after “positive” nuclear talks
(Reuters) – The Iranian currency jumped about 9 percent against the U.S. dollar because of apparent government intervention and a positive tone…
Iran’s economy after devaluation
Four months after the collapse of the rial earlier this fall, Iran’s economy is still reeling from its effects. The rial lost…
Iran rial hits ‘all-time dollar low’
TEHRAN — Iran’s currency plummeted to an all-time low on Saturday, registering a more than 21-percent drop in a span of two…
Iranian rial slips as power struggle over c.bank head looms
Jan 22 (Reuters) – The Iranian rial has dropped sharply on the open market since Sunday on speculation the head of the…
Tussle over Iran central bank governor
Iran’s currency fell 8 per cent on Monday amid confusion over the fate of Iran’s central bank governor. Iran’s domestic media reported…