Deputy Governor of the Central Bank of Iran (CBI) for Economic Affairs Mohammad Shirijian announced that the situation of Iran's foreign exchange (forex) reserves is increasing due to the growth of oil and non-oil exports. Shirijian addressed a meeting of the deputies and heads of central banks and ministers of the Middle East, North Africa,...

The Central Bank of Iran (CBI) says the foreign exchange situation in the country has been improved by diplomatic overtures with Saudi Arabia and the United Arab Emirates (UAE). A CBI statement issued on Sunday said that the governments policy to boost relations with neighbors, especially with Saudi Arabia and the UAE, helped ease a weeks-long crisis ...

Parliament Speaker announced that the body has made new decisions about the swap of goods, supply of foreign exchange as well as improving imports and export procedures. "In this closed session on Wednesday, attended by the Industry Minister Razm Hosseini, economic subjects including the priorities of the ministry, setting the goods' prices,...

Financial Tribune - Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in check for a few sessions largely due to the intervention of the Central Bank of Iran. The dollar closed at 232,000 rials in Tehrans open market, rising more than 13,000 rials, or 6%, compared to the previous session. The ...

Tasnim Iranian President Hassan Rouhani unveiled plans to use the foreign currency reserve assets held in other countries in order to control the currency prices at home. Speaking at a cabinet session on Wednesday, Rouhani said his administration has devised plans to regulate the market situation and contain the price hikes that have put pressure ...

Financial Tribune - The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials after falling briefly near the critical level. The greenback closed Thursday at 243,000 rials, up more than 1.6% compared to 239,000 rials a session earlier. Similarly, the euro rose slightly to 272,000 ...

Tasnim Iranian President Hassan Rouhani said on Thursday that the US has hatched new plots to harm Irans economy by disrupting the countrys foreign currency market. One thing that can foil the US plot is activating the countrys production and export sectors, Rouhani said via video links while opening five industrial projects in southeastern Sistan ...

Financial Tribune - After a one-day hiatus, Tehran stocks resumed bullish trend on Monday climbing 1.24% with small cap stocks at the center of attention. Benchmark of Tehran Stocks Exchange, TEDPIX, gained 14,699 points for the day to close trading session at an all-time high of 1,200,120. Equal-weighted index, which gives the same weight to ...

Financial Tribune - Governor of the Central Bank of Iran says the bank has put an end to the unreasonable practice of injecting foreign currency into the market to control forex rates. "Pumping forex into the market was the only tool for controlling foreign exchange rates in the past decades. But now we have taken a more thoughtful approach towards ...

Financial Tribune - The currency market experienced a significant downturn on Wednesday after more than two weeks of bull market amid a noticeable decline in forex trade in Tehrans open market. Drop in currency rates in tandem with a bearish trend in the global precious metal market also pulled down domestic gold prices. The US dollar fell 2,...

Financial Tribune - Fluctuations in forex market in recent months have compelled the Central Bank of Iran to seek help from authorized exchange bureaus to restore stability to the chaotic market. Outlining the results of meetings with CBI officials, the Association of Bureaux de Change Operators of Iran said Thursday that they had made decisions ...

Press TV - Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati says he is sure foreign currency prices will return to normal levels despite growing economic pressure on the country and a pandemic that has deeply affected the markets. Irans rial closed at 175,000 against the US dollar on Monday, according to websites monitoring currency ...

Financial Tribune - Following reports that the Central Bank of Iran has allowed companies to import goods without transferring foreign currency, the CBI outlined conditions for doing so. The so-called import without forex allocation refers to a method of import where companies can use their own foreign currency, in or outside the country, for imports....

Financial Tribune - The sharp increase in currency rates will not change the Central Bank of Iran's approach toward the market, the CBI governor said. Responding to ongoing fluctuations in the forex market, Abdolnasser Hemmati said the CBI will not despair or be pushed into excitement due to the turbulences visiting the already fragile foreign exchange ...

Press TV - The governor of the Central Bank of Iran (CBI) has ruled out speculations that a pending decision by an anti-money laundering watchdog would negatively impact the currency prices in the country. Abdolnasser Hemmati said speculators were trying to benefit from an upcoming meeting of the Financial Action Task Force (FATF) in which the body ...

Press TV - The governor of the Central Bank of Iran (CBI) says prices of foreign currencies will return to normal levels in a very near future despite growing speculations that have affected the markets over the past days. Abdolnasser Hemmati said on Monday that prices in the forex market had surged over the past days mainly because of a recent ...