De-dollarization gaining momentum fast: Chinese diplomat
China’s top diplomat in Iran says efforts by developing countries to ditch the US dollar are gaining momentum. In an interview with…
Tag Archives: US dollar
Dollar tumbles in Iranian market amid panic selling over US election fate
The American dollar has fallen by around a fifth against the Iranian rial as people flock to the markets to sell their…
Iran’s rial hits record low as tension spikes with the US
Reuters – The Iranian rial fell to a record low against the U.S. dollar on the unofficial market on Sunday, a day…
Iran’s currency hits new record low against the dollar
AP — Iran’s currency on Saturday dropped to its lowest value ever against the dollar, and has seen its value fall by…
Forex, gold rise again in Tehran
Financial Tribune – The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials…
Iran rial slides to new low as coronavirus, sanctions weigh
Reuters – The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday, as the…
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,…
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’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…
Forex at 20-month high in Tehran market
financial Tribune – Major currencies on Thursday hit the highest rates since September 2018 with the dollar traded at 180,000 rials in…
Tehran forex, gold on a tear
Financial Tribune – The ascending order of the US dollar and euro continued on Wednesday, being sold respectively at 178,000 rials and…
Forex shoots higher in Tehran market
Financial Tribune – The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank…
Iranian rial drops to lowest rate since September 2018 against the US dollar
Reuters – The Iranian rial hit its lowest rate against the U.S. dollar since September 2018 on the unofficial market on Tuesday,…
Currencies gain, gold slightly lower
Financial Tribune – Spike in foreign currency rates gained momentum on Monday after an average 3% climb a day earlier. Each US…
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…
Dollar, Euro higher amid CBI effort to stabilize rates
Financial Tribune – Exchange shops in Tehran on Saturday sold the US dollar at 133,500 rials, which was up 2.7%, or 3,500…
Dr M OK with Iran’s cryptocurrency proposal for Muslim nations
Free Malaysia Today – Prime Minister Dr Mahathir Mohamad is agreeable to Iran’s suggestion on using cryptocurrency as an alternative to the…
Central Bank of Iran steps in to support rial
Financial Tribune – The rial regained some lost territory against the US dollar on Wednesday after the Central Bank of Iran intervened…
Gold and currency surge in Tehran market
Financial Tribune – The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials…
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…
Forex at three-month high
Financial Tribune – Currency rates in Tehran’s market have been rising since last week after more than three months of relative calm.…
A ‘growing club’ of ‘very powerful countries’ is shifting away from the US dollar – think tank
RT – The US dollar’s status as the world’s major reserve currency, which it held for decades, could come under threat, according…
CBI chief highlights Iranian rial’s rise against US dollar
Tasnim – Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the stability in the country’s foreign exchange market and…
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…
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…