Financial Tribune - After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday with the dollar gaining more than 5,000 rials in Tehrans open market.
The greenback surged to 247,000 rials -- up more than 2% compared to 242,000 rials a session earlier.
Other currencies were soon to follow. The euro climbed ...
Financial Tribune - Currency rates are rising unabated in Tehran with exchange bureaus affiliated to, and working for, the Central Bank of Iran again the increased the dollar rate by 3.65% on Sunday after the 10% rise a day earlier.
These moneychangers for the second session in a row officially raised the dollar price by 7,610 rials on Sunday to ...
Financial Tribune - The price of Emami gold coin rallied to an all-time high of 80 million rials ($410) on Sunday to post a 2.55% increase compared to Saturday's close. Forex rates also continued their mad dash.
Demand for gold coins has increased in recent days, says Ebrahim Mohammad Vali, head of Tehran Gold and Jewelry Union, noting that the ...
Financial Tribune - The ascending order of the US dollar and euro continued on Wednesday, being sold respectively at 178,000 rials and 194,000 rials in Tehran's open market.
The greenback was traded 0.9% higher than the previous day's close while the European currency marked an increase of 1.03%.
Bank-affiliated exchange shops sold the dollar ...
Financial Tribune - The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran.
The moneychangers traded the dollar at 170,230 rials, up 2,300 rials, or 1.4%, compared to Saturdays close.
Each euro at the CBI forex bureaus were sold for 184,200 rials, 1.2% higher than the ...
Financial Tribune - Currency prices shot up again on Monday in Tehran as bank-affiliated moneychangers tagged the US dollar at 165,000 rials -- the highest in the past 20 months. Cold coin prices also increased by another 1.3 million rials to hit an all-time high of 70 million rials ($424).
The greenback gained 2,000 rials, or 1.84%, compared to ...
Financial Tribune - Unfulfilled commitments by importers of essential goods have decreased substantially thanks to measures by the Central Bank of Iran 18 months ago, an official with the bank said.
Unfulfilled commitments by importers who use subsidized currency (1USD 42,000 rials) for importing essential goods declined from 27.87% in January 2019 ...
SHANA The head of the Central Bank of Iran said that petrochemical companies were the vanguard of supplying the country's needed foreign currency.
Addressing a meeting if Iranian President Hassan Rouhani with petrochemical industrialists on Monday, the CBI chief, Abdullah Nasser Hemmati, said that petrochemical companies had performed well, adding ...
Financial Tribune - Central Bank of Irans conditions on non-oil exporters to repatriate their currency earnings has been criticized yet again by exporting countries after they reportedly received export ban warnings from lenders.
While officials have commended the performance of non-oil exporters and expressed satisfaction about the repatriated ...
Financial Tribune - The total value of foreign currencies sold by exporters of non-oil goods at Iran's secondary market amounted to 9.2 billion since the beginning of the current fiscal year (started March 21), 7.86 billion of which have been purchased by importers.
The figure indicates that the repatriation of export earnings has gained momentum ...
Financial Tribune - A weak local currency has proved to be a boon to Irans inbound tourists while a nemesis to its outbound tourism industry, at least twice in the past decade.
With the strengthening of the US dollar exchange rate against the rial, the number of foreign visitors to Iran, as a cheap destination, accelerated while fewer Iranians opted ...
MNA President Rouhani described more effort in fighting goods and currency smuggling essential for improving production conditions in the country, and stressed that all technical tools like start-ups must be used for controlling and fighting goods and currency smuggling.
Speaking on Tuesday at the meeting of Taskforce against Smuggling of Goods ...
Al-Monitor | Navid Kalhor: Extreme foreign exchange-market fluctuations are highly likely to continue to menace Irans national currency, the rial, and the Iranian economy.
A new integrated foreign exchange market is in the works to meet this challenge. NIMA, the state-run secondary foreign exchange market launched just over a year ago, hasnt brought ...
MNA An official from the Central Bank of Iran (CBI) announced on Wednesday that the central bank plans to create a personal foreign exchange profile for each Iranian in near future.
The profile will include all the foreign exchange-related activities of an individual as well as those related to health and medical sector, Amir-Hossein Shokouhi said....
Financial Tribune - Mohammad Kashtiaray, president of the specialized gold commission at the Iran Chamber of Guilds, says the gold coin has lost 5% compared to last week
Foreign exchange rates and gold dropped in Iran as markets reopened on Saturday in an expected response to a move by European powers on Thursday to launch a special payment channel ...
Financial Tribune - A decision by the Money and Credit Council a policymaking body - to scrap overnight interest payments has yet to display its full force but the development has become a topic of hot debate among businesses and economic pundits.
While Central Bank of Iran Governor Abdolnasser Hemmati has apparently successfully sold the theory ...
IRNA Governor of Central Bank of Iran (CBI) says the countrys foreign exchange rules and policies are independent from Europes Special Purpose Vehicle (SPV) the block is going to set up to facilitate Iran global commerce under US sanctions.
Attending a TV program in Tehran Tuesday evening, Abdolnaser Hemmati said Iran hopes Europe will soon implement ...
Financial Tribune - The Central Bank of Iran is going to launch a mechanism for tracking forex allocated to the import of essential goods to ensure importers fulfill their commitments for which they acquired foreign currency, the CBI governor said.
The measure is intended to close loopholes and prevent abuse that plagued the allocation of subsidized ...
IRNA The first session of the court hearing for six misusers of forex market fluctuations was held here on Tuesday.
Two of the accused , Qorban-Ali Farrokhzad-Zarrin and Teymour Ameri-Baraki are present in the court while the four others are outlaw, judge of the session Ghazi Movvahed said.
He further noted that they are accused of sabotaging ...
Financial Tribune - Airline operators convened a meeting with officials from the Iran Civil Aviation Organization on Saturday to try to boost demand in the aviation market by revising the ticket pricing policy following a government decision to deny airlines cheap foreign currency.
During the session, cap rates for flights until the end of summer ...
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