The Iranian rial has risen more than seven percent against the US dollar as investors keep betting on the result of the Tuesday presidential elections in the United States. The rial closed at 268,000 against the dollar on Saturday, according to exchange price websites and reports from the unofficial currency market in downtown Tehran. The drop ...

The Wall Street Journal - A delivery man pulled up to a central Tehran home recently carrying a cardboard box with a warm cheese pizzaand $3,000 in U.S. bills. The order for dollars had come in less than three hours earlier via Telegram, a widely used encrypted messaging app. The delivery man took payment in Iranian rials via bank card. The pizza ...

Reuters - The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the euro struggling and others including the Argentine peso down sharply. The markets attention was on U.S. President Donald Trumps decision about the future ...

Al Monitor | Maziar Motamedi: A little over two weeks ago, Iran eliminated another function of the US dollar in its internal workings in a move positioned amid yearslong plans to reduce dependency on the greenback. The consequences will be manifold and interconnected,but there are discrepancies in views concerning what will happen as a result among ...

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 ...

Reuters- President Hassan Rouhani sought to reassure Iranians on Sunday that the government would work to protect market stability after the country's currency fell to a record low last week. "I am optimistic about the country's economic situation and ... I want to reassure our people that foreign currencies will not keep going up," Rouhani said ...

Press TV- The runaway dollar has sparked serious concerns in Iran over what many believe could eventually prove costly for a country which has been planning for months to reap the benefits of the removal of the sanctions. The surge of the greenback into the channel of above 40,000 rials prompted criticism against the government of President ...

Irans foreign exchange markets had a volatile trading week, culminating in a rise in the US dollar and gold coin prices. The dollar advanced 0.72 percent to 33,390 rials by the weeks close on Thursday. Greenback started the week 50 rials above its weekly lowest, at 33,150 rials on Saturday in Ferdowsi Street the center of currency trading in Iran....

The Lausanne statement between Iran and P5+1 over solutions to move toward a final comprehensive nuclear agreement has shown immediate effects in the countrys free exchange market. Optimisms that the lifting of US-led sanctions could happen only three months away pushed down the exchange rate of the greenback against the Rial in Tehran. While ...

Aselection of the latest news stories and editorials published in Iranian news outlets, compiled by AEICriticalThreats Project Iran AnalystWill Fulton and Iran Intern Amir Toumaj, with contributor John Lisnewich. Politics Supreme Leader Ayatollah Ali Khameneis website has published a heroic flexibility infographic. The graphic explains that,...

Four million tons of food and medicines are strandedin Iranian customs because of disagreements between the central bank and the Commerce Ministry over access to a preferential currency exchange rate for importers of essential goods, local media reported. The central bank is legally bound to allocate dollars at a cheaper rate for importers of goods ...