By Associated Press TEHRAN, Iran (AP) -- Iran's state radio is reporting that the country has inaugurated a new hard currency trading center to undercut the black market. Under the supervision of Iran's central bank, the center will offer U.S. dollars at 2 percent less than the street rate to importers of the country's needs, from the veterinary ...

Foreign exchange trading has been suspended in Iran's open market due to gold and dollar price uncertainty, Mohammad Kashti-Aray head of Iran's Gold and Jewellery Union told Islamic Consultative Assembly News Agency (ICANA). In an interview with ICANA, affiliated to the Iran Parliament, Mohammad Kashti-Aray also rejected the view that dealers are ...