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 - Currency rates again pushed upwards on Tuesday, amid heightened political tensions in the region, but the Central Bank of Iran was quick to announce that there is no need for anxiety.
The US dollar reached 138,000-139,000 rials in Tehran free market on Tuesday, slightly higher than Monday's close. It was traded at lower rates ...
Press TV - Irans central bank governor Abdolnaser Hemmati says the government is in full control of the currency market that was hit by turmoil last year, causing a steep rise in the prices of goods.
Hemmati issued a message on the eve of the new Iranian year which begins on Thursday, saying the Central Bank of Iran (CBI) is at the forefront of ...
Financial Tribune - Foreign exchange rates declined on Thursday, after a week of flurry brought the US dollar close to the psychological level of 140,000 rials the previous day.
According to market reports, the greenback was traded for 133,500 rials but it remains to be seen whether the decline will continue when markets reopen today (Saturday)....
Financial Tribune - After unexpected gains in currency rates over the past week, the market returned to stability on Thursday. On the last trading day of the Iranian week, the US dollar dropped below the psychological resistance level of 110,000 rials after having approached 120,000 rials a day earlier.
A so-called smart intervention by the Central ...
Financial Tribune - The rial has been keeping relatively steady since the reimposition of US sanctions last week, a fact reflected in official comments in Tehran that much of the impact of the sanctions have already been baked in.
On Sunday the national currency gained slightly against the dollar with the exchange rate falling below the support ...
Financial Tribune - The rial rallied on Saturday paring much of its losses during the past week even as the US sanctions on Iran's oil exports are certain to take effect by Monday. According to reports from exchange bureaus, the US dollar was traded for 143,000 rials, down from 150,000 rials on Thursday.
The national currency was quoted at 165,500 ...
Financial Tribune - The currency market in Tehran stabilized further on Sunday with the USD exchange rate dropping below the support level of 14,000 rials. The greenback was traded for 138,000 rials on the open market to post the fourth straight decline. The Euro changed hands for 160,000 rials -- down from 162,400 at the outset of trade.
The benchmark ...
Tasnim Head of Irans Plan and Budget Organization said the administration is going to implement five new packages of measures to regulate the foreign currency market.
In comments at a working breakfast with business people in Irans Chamber of Commerce on Monday, Mohammad Baqer Nobakht said President Hassan Rouhanis administration will start implementing ...
Financial Tribune- Governor of the Central Bank of Iran Valiollah Seif said the drastic decision by the government to unify the US dollars rate does not mean that a fixed exchange rate system would be at work, as the rate would fluctuate with market mechanisms.
Seif said during a TV interview late Tuesday that the exchange rate was only fixed ...
Bloomberg | Golnar Motevalli: With a plane ticket booked, graphic designer Najmeh Mohammadi headed to the currency traders on Tehrans Manouchehri Street at 6 a.m. on Tuesday for the dollars she needed for her overseas travel. By midday, she was still waiting -- and losing hope.
The 35-year-old was among those hoping to buy greenbacks at a new rate ...
president.ir- President described the recent currency policy by the government as an important step for decreasing concerns of people, producers and businesspeople and increasing predictability for future planning.
Speaking at the extraordinary meeting of government's economic board for managing currency market on Wednesday, Dr Hassan Rouhani describe ...
IFP- Tehrans police chief says 12 unlicensed dealers accused of disrupting Irans currency market have been arrested on Tuesday, as part of measures to stabilise the rial that has been going down in recent weeks.
Speaking two days after the government announced a plan to unify official and open market exchange rates, General Hossein Rahimi said on ...
Financial Tribune- The ban imposed by the Industries Ministry on import orders based on US currency seems to be a win for the European currency.
Announced last week, the ban blocks imports priced in the US dollar for Iranian traders and is in line with the recent policy of the government and the Central Bank of Iran for sidelining the dollar.
According ...
Financial Tribune- The two high-demand currencies, namely euro and dollar, continued their rallies on Monday to register record highs against the rial. The euro gained against rial on Tuesday to mark the European currencys highest value in Tehrans market since February 2013.
Euro changed hands for 50,950 rials in the open market on Tuesday to register ...
Financial Tribune- Governor of the Central Bank of Iran has dismissed claims that Friday's presidential election would trigger fluctuations in the foreign exchange market, reassuring the public that all is calm in the Iranian currency market.
"In recent days, some have been trying to spread rumors in the country that after the presidential elections,...
Financial Tribune- The currency market has been stable in recent days, ignoring a deluge of news stories that should have conventionally rocked the boat.
In fact, the domestic market has been mostly indifferent to US President Donald Trumps recent controversial actions and statements, including ordering an entry ban on citizens from seven Muslim-...
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