Bloomberg | Paul Wallace: If there was a currency you wouldnt expect to be strengthening, it would be Irans. But the truth is that the rial is soaring on the countrys parallel market, gaining 8% against the dollar this week alone to extend its advance since early May to 30%. Thats according to Bonbast.com, a local website that monitors the currency....

MNA A former Iranian diplomat, Abdolreza Faraji-rad, said that the recently reported US sanctions against Iran may be on issues such as dollar transfer and the export of petrochemical products. The Trump administration plans to target a new sector of the Iranian economy with a package of sanctions to be introduced on Wednesday, two senior administration ...

MNA As the prices of foreign currencies against that Iranian rial continued to fall on Wednesday, the Central Bank of Iran (CBI) called on state banks and exchange shops to buy the US dollars that people offered to sell in the free market to avoid further depreciation of their properties. The price of Iranian national currency the rial hit all-...

The Guardian | Patrick Wintour: Europe is being affected by the threat of US sanctions on firms that trade with Iran Plans to reduce European Union dependence on the US dollar and so improve the blocs ability to run an independent foreign policy that is less exposed to US sanctions were unveiled on Wednesday by the European commission. The ...

Reuters | Francesco Guarascio: The European Commission published on Wednesday non-binding proposals to boost the role of the euro in international payments and its use as a reserve currency to challenge the dominance of the dollar. The move follows the decision by the United States to withdraw from an agreement with Iran on its nuclear program. ...

IRNA - While Some scholars are skeptical of the effectiveness of the European financial aid channel with Iran, a professor of economics at the University of Tehran said the creation of this euro-based mechanism is easy to apply with the will of the European side. With the departure of the US from the nuclear deal with Iran, the remaining four countries,...

Al Jazeera - Turkish police have detained over 200 people in a major nationwide crackdown on illicit money transfers to individuals of Iranian origin living in theUnited States. An Istanbul court issued arrest warrants for a total of 417 suspects and rounded up 216 on Tuesday in a nationwide operation carried out in 40 cities, Anadolu Agency reported....

IRNA Iranian Foreign Minister Mohammad Javad Zarif said several countries have started to decrease using dollar in their bilateral trades because of US unilateral sanctions. US behavior has weakened dollar in international financial system, Zarif said, while addressing the meeting held at UN on multilateralism and JCPOA. He pointed to pressures ...

Tasnim An independent economic researcher from Los Angeles said the US is trying to use the power of the Dollar as a weapon to punish all antagonistic countries, including Iran, Turkey, Russia and other nations that are acting independently of Dollar Hegemony and the Washington Consensus. because the dollar essentially rules over all other national ...

Press TV - Iran has removed the US Dollar from its official currency rate reporting platform and replaced it with Chinas Yuan in an effort that the media in Tehran say could be a key step toward ditching the greenback in trade. As of Monday, the Dollar was taken off Sanarate.ir a website affiliated to the Central Bank of Iran (CBI) used to ...

Tasnim Russia says the three European parties to the Iran nuclear deal have agreed to continue trade ties with Tehran without the US dollar. The European parties to the Joint Comprehensive Plan of Action Britain, France and Germany- have agreed to maintain trade with Iran independent of the US dollar, Russias Foreign Minister Sergei Lavrov said. According ...

Al-Monitor | Navid Kalhor: While the nuclear deal struck between Iran and six world powers in 2015 lifted international sanctions, it failed to remove primary US restrictions on dollar transactions. As such, some in Iran have grown to view currency swap agreements (CSAs) with other countries as a way to overcomeremaining US sanctions. This is even ...

RT- As part of its years-long effort to reduce reliance on US currency amid a deepening standoff with Washington, Tehran has announced it will start reporting foreign currency amounts in euros rather than dollars. The governor of Irans central bank (CBI) Valiollah Seif said that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion ...

Bloomberg | Golnar Motevalli : Iranians flocked to foreign-exchange houses after authorities vowed to halt a currency slump by eliminating black-market rates, only to be turned away by currency traders awaiting instructions from the central bank. Street dealers usually provide an alternative to Irans registered banks for Iranians looking to buy ...

MNA Central Bank of Iran Governor ValiollahSeif said Tue. that the decision to replace dollar with euro in the countrys foreign trade transactions will be implemented with more determination this year. Governor of the Central Bank of Iran (CBI) attended an open session at the Parliament this morning to discuss the recent foreign exchange fluctuations ...

Bloomberg | Golnar Motevalli: The Iranian rial hit a record low against the U.S. dollar for the second time in two months over concerns about Irans economy, rattling businesses and prompting some currency dealers to suspend trading. The rial fell to a record low of 57,000 against the dollar by late afternoon on the unregulated currency market, according ...

RT- Russian Energy Minister Aleksandr Novak said the country is considering an option of payments for oil in national currencies, in particular with Turkey and Iran. According to him, both countries are interested but there is also a matter of conversion of currencies and their further use. There is a common understanding that we need to move towards ...

Press TV - Irans national currency the Rial plunged above 6 percent against the US dollar in free market on Sunday thus deteriorating a depreciation streak that started over the past few months. The US dollar was traded below 54,000 Rials in early trading of Sunday but jumped to above 57,000 Rials within only hours. It stood at 57,300 Rials ...

Reuters - Irans central bank chief on Monday warned investors speculating on the fall of the rial that they were heading for losses because his bank could control the foreign exchange market and the currency was likely to rebound in the next couple of months. Goveror Valiollah Seif was quoted by Irans Tasnim news agency as the rial sank to record ...

Financial Tribune- With too many irons in the fire, the government and the Central Bank of Iran do not seem to be in the mood for making tough decisions, especially in the foreign exchange market. With the US dollar in the midst of a rallynot unusual in December when the travel season heats upand budgetary debates raging in the parliament, reform ...