MNA The Parliament Economic Commission has ratified elimination of four zeros from Iranian national currency, Rial. Being approved in a future Parliament session, the plan will be announced to the Central Bank of Iran (CBI). The Central bank will then be expected to implement the plan within two years. According to the CBI Governor Abdolnaser ...

MNA Governor of Central bank of Iran says the national Iranian currency, rial, has regained its value by 21 percent against the US dollar over the past year. In an Instagram post, Abdolnasser Hemmati noted that today, on Aban 13, 1398 (Nov. 4, 2019), one year has passed since the beginning of US economic war and sanctions on banking relations and ...

Financial Tribune - In a comparative study the Economic Research Department of Tehran Chamber of Commerce, Industries, Mines and Agriculture has probed the experience of currency redenomination in other countries and the context within which the policies were implemented. Referring to the rial revaluation plan on the government agenda, the study ...

MNA Iranian President Hassan Rouhani submitted the bill on reforming monetary and banking law including eliminating four zeros from national currency and national currency reconversion to the Parliament. According to this bill, Irans national currency will be changed from rials to toman and each toman would be equal to 10,000 rials or 100 rial ...

MNA The Iranian government has approved a plan to take four zeros off the national currency in a bid to curb the tide of liquidity and boost the rial again. According to IRIB, the move was approved during the cabinet session on Wednesday. The proposal should now go to the parliament to become law. Further details will be released later by ...

Press TV - The governor of the Central Bank of Iran (CBI) says plots for a massive devaluation of Irans national currency have effectively failed as the rial keeps regaining some of its value despite growing economic pressure from the United States and a flare-up of tensions in the Persian Gulf over the past weeks. Abdolnasser Hemmati said on Friday ...

MNA According to the request of the Central Bank of Iran (CBI), the economic committee of the cabinet has on agenda the plan to eliminate four zeros from the national currency rial and to introduce a new one. According to this plan, the new currency, named Toman, which has been the unofficial currency used by the people, will be equal to 10,000 ...

MNA Secretary of the Expediency Council and former IRGC commander Mohsen Rezaei has referred to the current economic situation, saying the Iranian nation will get through the difficulties and help the national currency regain its lost value. In a Friday post on his Twitter account, Rezaei wrote, the national currencys value depends on ...

TASS- Russia is considering an option of payments for oil in national currencies, in particular with Turkey and Iran, Energy Minister Alexander Novak told reporters. The parties are interested in it but there is also a matter of conversion of currencies and their further use, he added. "There is a common understanding that we need to move towards ...

IRNA - The administration of President Hassan Rouhani in a cabinet meeting on Sunday approved a bill to switch Iran's national currency from rial to toman, an official said here on Monday. The secretary of the Cabinet Mohsen Haji Mirzaei said the issue had been scrutinized in the governments economic commission during the past six months. He added ...

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 ...

Sputnik- This year, Irans national currency, the rial, has seen several big drops against the United States dollar, reaching a record low in early-December. At the time, it was also reported that the Iranian government had decided torevalue its rial tenfold and revert tothe currencys old name, the toman. The current exchange rate ofthe Iranian ...

Sputnik News- This week, the Iranian national currency experienced the biggest drop this year. However, Iranian economist Hushyar Rostami told Sputnik that the situation is normal and the drop is not related to any foreign factors. Two to three weeks ago, the Iranian government said that a drop in the rials value against the dollar would be temporary ...

Financial Tribune- Addressing renewed calls for dropping three zeros from Irans national currency, Ali Tayyebnia, the economic minister, supported the move. He, however, was soon to add that the time is not suitable for doing so. I think dropping the three zeros from the rial is a necessary measure that should be done in the future, ISNA quoted ...

Commercial banks from Russia and Iran have agreed to pay for bilateral supplies of products in national currencies, the Central Bank of Russia said in a statement Friday. MOSCOW (Sputnik) According tothe statement, the agreement was signed onThursday inthe course ofthe 4th plenary session ofthe Permanent Russian-Iranian Commission onTrade-and-Economic ...

Tehran, June 27, IRNA Iran and Turkey are currently using their national currencies in bilateral trade, said Jalal Ebrahimi, the secretary general of the Iran-Turkey Joint Business Council. He added that the two neighboring countries have signed an agreement, according to which they use Iranian rial and Turkish lira in their economic transactions,...

(Reuters) - Iran and Turkey should start trading in their own currencies instead of dollars or euros to avoid foreign exchange volatility, Turkish President Tayyip Erdogan said on Tuesday. "We shouldn't be under the pressure of other currencies," Erdogan told a joint news conference with Iranian President Hassan Rouhani in Tehran. "We should do ...

The agreement will ease the implementation of the preferential trade deal signed between Iran and Turkey last year. TEHRAN, January 25. /TASS/. Tehran and Ankara are working on a plan to use their national currencies in bilateral trade exchanges, the Fars news agency reported on Sunday citing Irans Ambassador to Turkey Alireza Bigdeli. "Trade and ...