Foreign currency traders in Iran have hailed a decision by the government to scrap a tax on import of foreign currency into the country, saying the move would help neutralize the impacts of American sanctions on the Iranian economy. This new ratification is very smart as many companies and individuals currently seek to transfer foreign exchange ...

FNA - Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said despite the US maximum pressures, the country expects improving conditions for its foreign currency market due to growing crude exports and return of exporters foreign currency. The US has exhausted all its bid and the maximum level of impact that its pressure and psychological ...

Tasnim Iranian President Hassan Rouhani blamed the recent fluctuations in foreign currency prices on a complicated psychological operation launched by the enemies aimed at undermining Irans oil-free economy through intensified pressures. In comments at a Sunday session of the administrations Economic Headquarters, Rouhani said the Islamic Republic ...

Financial Tribune - Foreign currency rates declined in Tehrans open market on Saturday for the third consecutive day with the downturn extended to the gold market. The US dollar was traded 156,000 rials, down from 158,500 rials quoted by moneychangers and currency dealers in Tehrans free market on Thursday. Euro dropped about 2% to 168,000 rials ...

MNA The Supreme Council of Economic Coordination Sat. decided to extend the authorities of the Central Bank of Iran (CBI) for managing the exchange market for the purpose of stability in the market. The 39th session of the Supreme Council of Economic Coordination was held on Saturday, which was chaired by President Hassan Rouhani. During the ...

MNA Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has said that despite the continuation of US Maximum Pressure campaign, Irans foreign currencies market is stable.   In a long post on his Instagram account, AbdolnaserHemmatisaid on Monday despite the continuation of US Maximum Pressure campaign, ...

Financial Tribune - Deposits in Iranian banks and credit institutions totaled 20,223 trillion rials ($155 billion) during the eleven-months to Feb 19, up 32% compared to the same period a year ago. The deposits include both in rials and foreign currency. Tehran Province topped the list with 11,367 trillion rials ($87 billion) while Kohgiluyeh ...

Tasnim There are sufficient amounts of foreign currency in Iran, the Central Bank of Irans chief said, adding that the CBI has provided $6 billion in financing for imports only in the past two months. In an interview with ICANA, Abdonnaser Hemmati said there are enough foreign currency reserves in Iran and the central bank could have an effect ...

Tehran Times - The governor of the Central Bank of Iran (CBI) said so far the countrys exporters have re-injected 60 percent of their total exports revenues in the form of foreign currency into the countrys financial system, IRNA reported on Friday. In an Instagram post, the official emphasized the importance of non-oil exports, saying Non-oil exports ...

Azer News - The prices of foreign currencies remained unchanged according to the official exchange rate of Iran, Trend reports referring to the website of the Central Bank of Iran (CBI). However, the prices increased in the black market. According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 47,176 rials. USD 42,000 GBP 54,...

Radio Farda - Irans battered currency took another significant dive on Sunday against major currencies, breaching the 150,000 rial to the dollar threshold. The currency was trading at around 138,000 to the dollar in the past two weeks. The rial gained back some ground later in the day, but usually devaluations in Iran happen first with thresholds ...

MNA An official with central bank of Iran (CBI) says that the previously announced one single organized foreign currency market will be inaugurated as soon as next week. A CBI official familiar with the matter said that preparations for the unified foreign exchange market are coming to an end and the new mechanism will finally be inaugurated as ...

MNA Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods. Abdolnaser Hemmati, Governor of the Central Bank of Iran, said in a meeting with the board of governors and members of Iran Chamber of Commerce on Saturday night that the foreign ...

MNA Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said Wed. that the declining trend of the foreign currencies prices against Iranian rial will continue as the Iranian exporters increase their forex supplies to official market. Abdolnasser Hemmati said that the Iranian rials has regained more than 20% of its value against the foreign ...

Azer News - Around 20 foreign currency dealers have been arrested in Iran, Tehran prosecutor Abbas Jafari-Dolatabadi said. He said that with the collaboration of the Central Bank, the Tehran Prosecutor, the Ministry of the Interior and the police, the purchase and sale of foreign currency on roads were banned, Fars news agency reported. Last ...

MNA The Central Bank of Iran (CBI) has eased currency rules and ordered the customs to allow merchants to bring foreign currency banknotes or gold into the country in a bid to curb further depreciation of the rial. The Iranian government has eased foreign currency rules and has allowed licensedexchange offices and other persons to carry ...

Tasnim A member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) said domestic demands for foreign currency by the end of the current year (March 21, 2018 March 20, 2019) amount to $70 billion, which can be fully met. Speaking to the Islamic Republic of Iran Broadcasting (IRIB), Yahya Ale-Ishaq said tranquility has returned ...

IFP - The Turkish president says his country is determined to conduct trade with Iran, Russia and China using national currencies. Recep Tayyip Erdogan said the move is aimed at countering the adverse effects of fluctuations in the exchange rates of foreign currencies usually used in international trade. He said fluctuations in forex exchange ...

Press TV - The German government is reportedly studying a request by Iran to withdraw 300 million from bank accounts held in Germany and transfer the cash to the Islamic Republic. Unnamed officials in Berlin were quoted by Bild newspaper as saying that Tehran was seeking withdraw the funds from the Europaeisch-Iranische Handelsbank AG (eihbank) ...

Press TV- Iran will use Qatar to facilitate payment orders in foreign currencies, phasing out such operations in Dubai where restrictions imposed by the UAE government are making financial transactions difficult. Several Iranian banks have opened accounts with Qatar National Bank, through which the transactions of payment orders in foreign currencies ...