Iran sanctions could weaken dollar, isolate US
The Wilson Times | Cyrus Shamloo: Russia has strengthened its ties with Iran in recent years as part of Moscow’s increased geopolitical…
Tag Archives: US dollar
Lawmakers reject bill on bilateral monetary pacts
MNA – Iranian lawmakers have rejected a bill proposed by the government to conclude monetary pacts with other countries to break the…
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,…
Iranian MPs propose motion to ditch US dollar in foreign, domestic trade
Tasnim – A number of Iranian lawmakers have put forward a motion to completely remove the US dollar from the transactions made…
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…
Currency rates climb in Tehran market
Financial Tribune – The US dollar crossed another psychological threshold in Tehran on Monday with price pressures increasing as the end of…
Iran: Gold and forex rise, stocks fall
Financial Tribune – Foreign exchange rates and gold began the week in a bullish mood as the two surged on Saturday in…
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…
Former official: Iran works to ditch USD from all transactions with other countries
FNA – Former Advisor to the Iranian Foreign Minister Hossein Sheikholeslam said the general policy of the Islamic Republic of Iran is…
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…
Concluding monetary treaties to break monopoly of US dollar
MNA – Member of Iranian Parliament Economic Commission Ahmad Anaraki Mohammadi believes that conclusion of monetary pacts with other countries can break…
Europe warns: Iran sanctions threaten US dollar dominance
Washington Examiner | Joel Gehrke: European diplomats are warning that enhanced U.S. financial sanctions against Iran run the risk of forcing the…
$2.8b of non-oil export revenues sold in Iran’s secondary forex market
Financial Tribune – Figures from the Central Bank of Iran show that foreign currency revenues from non-oil exports from August 7 to…
Jahangiri told Parl.: Dollar-to-rial rate falling
MNA – The Iranian first vice-president Es’hagh Jahangiri assured the MPs that the decreasing trend in currency rate will continue, said Shahbaz…
Iranians mob money changers to sell dollars as rial jumps
Al-Monitor – After months of steep falls in value, the Iranian rial enjoyed a massive rebound Oct. 1-2, rallying 30% against foreign…
Photos: Tehran exchange market today
ISNA | Hamid Amlashi: Today, Iranian national currency the rial regained some of its previously lost value after the Central Bank of…
EU plan to bypass US sanctions on Iran could be the beginning of the end for the dollar’s golden rule
Bloomberg | Leonid Bershidsky: With more and more European companies fleeing Iran following the re-imposition of U.S. sanctions, it may be tempting for Americans to write…
Tehran Market: Euro and USD keep climbing
Financial Tribune – Foreign exchange rates were again defiant and continued to climb on Tuesday with the US dollar surpassing the all-time…
Turkey against US dollar dominance: Turkey’s ambassador
MNA – Like certain other countries, Turkey also believes that the world should get rid of the dominance of US dollar, Turkish…
Iranian rial hits record low of 170,000/dollar – Tasnim news agency
Reuters – The Iranian rial hit a record low against the U.S. dollar on the unofficial market on Wednesday, the Tasnim news…
Hot autumn for Tehran stocks
Financial Tribune – Tehran stocks rose solidly on Sunday, recording another all time high for the equity market and topping off a…
‘Save yourself if you can’: More countries are seeking ways to dump the US dollar – Kremlin
RT – Countries around the globe are trying to find ways of substituting the US dollar in trade, according to Russian presidential…
Is US dollar empire collapsing?
Alwaght – For nearly 70 years, the US dollar has been the dominant currency globally. The central banks across the world have…
Velayati vows elimination of US $ in foreign transactions
IRNA – Advisor to the supreme leader for international affairs and member of the Expediency Council Ali Akbar Velayati said on Sunday…
Iraq customs increases currency exit limit for Iran travel
MNA – Iraqi Customs put the maximum currency allowed for entering into the Islamic Republic of Iran at €10,000 or its equivalent.…
Iran’s currency crisis is a supply-side story
Bourse and Bazaar | Esfandyar Batmanghelidj: On Monday, the Iranian rial sank to a historic low. But those Iranians who scrambled to convert their…
Iran’s rial at worst rate yet amid collapse of nuclear deal
AP — The Iranian rial has fallen to its lowest rate on record, with the currency now trading at over 150,000 to…
Russia working to ditch dollar, Euro in trade with Asia, Africa
Sputnik – Russia is actively working to switch over to settlements in national currencies with the countries of the Middle East, Southeast…
Ditch the dollar: World leaders who challenged reliance on US currency
RT – Following Iran and Iraq’s decision to no longer use the US dollar in bilateral trade, RT looks at world leaders…
Turkey calls for end to US dollar’s trade reign, urges trade in local currency
FNA – Turkish President Recep Tayyip Erdogan on Sunday stated that the US dollar’s reign on global trade should come to an…
Iran yanks favored exchange rate from students abroad
Al-Monitor | Saeid Jafari: Thousands of Iranian students studying abroad are feeling the pain of new foreign exchange policies announced by the…
Iran, Iraq agree to keep trade without US dollar
MNA – The Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Eshagh announced that Iran and Iraq have agreed to eliminate US dollar…
Dollar is no longer suitable for mutual settlements
Vestnik Kavkaza – Russian Deputy Foreign Minister Sergei Ryabkov in an interview with International Affairs magazine on August 23 said “the time…
From Nigeria to Iran, nations begin ditching dollar
Press TV – The number of countries switching to national currencies to settle bilateral trade deals is growing in the face of…
Iran’s rial at historic low as U.S. sanctions loom
The Wall Street Journal | Asa Fitch in Dubai and Aresu Eqbali in Tehran: Iran’s local currency hit another record low against the U.S. dollar…
Iran currency’s value continues to fall
Tasnim – While Iran’s market has experienced a hike in the value of foreign currencies and gold coin prices in recent months,…
Iran’s currency in free fall as American sanctions loom
AP — Iran’s currency is continuing its downward spiral as increased American sanctions loom, hitting a new low on the thriving black…
Iran arrests 18 over vehicle import fraud, currency crisis
Trend News Agency – The spokesman of Iran’s judiciary said a total of 18 people have been arrested over vehicle import fraud…
Iranian travelers to foreign countries received $312m in 3 months
Financial Tribune – A total of $312 million were allocated by the Central Bank of Iran to people traveling abroad in the…