Business And Markets

Foreign exchange rates in Tehran were mostly unchanged  Saturday as the market waits for the outcome of diplomatic efforts to revive the landmark Iran nuclear deal and lifting of the US…

Data released by the Central Bank of Iran show lending by banks increased in the month to January 19.  The loan-to-deposit ratio rose 1.4% to reach 80.8% indicating a 2.2% increase…

Foreign exchange rates were down Thursday with the dollar retreating to below 240,000 rials in Tehran's free market. 

More than 2.74 million tons of goods worth 349 trillion rials ($1.45 billion) were traded at the Iran Mercantile Exchange in the last Iranian month that ended on April 20.  The deals grew…

Data released by the Central Bank of Iran indicate that banks handled transactions worth almost 775.3 trillion rials ($3.2 billion) a day at the interbank market in the previous fiscal year (…

The Central Bank of Iran said henceforth banks and licensed moneychangers can use cryptocurrency mined by authorized miners in Iran to pay for imports.  It said lenders and moneychangers…

Iran has used a part of its forex assets blocked in South Korea to pay for the Covid-19 vaccine, head of the Iran-South Korea Joint Chamber of Commerce said.  "Iran has used $30 million of…

Bucking a declining trend that started on Saturday, foreign exchange rates reversed course on Wednesday gaining against the national currency.  The dollar scaled back above 240,000 rials…

The Central Bank of Iran said banks and credit institutions can issue debit cards for companies and legal entities. A business debit card is the same as the consumer debit card. Cardholders can…

The governor of Central Bank of Iran says the bank is prepared to meet the foreign currency needs for importing Covid-19 vaccine.  In a note posted on his social media account, Abdolnasser…

Currency rates in Tehran were choppy Tuesday with the dollar near the 240,000-rial support level in the free market.  It lost 4,300 rials or 1.82% to be sold at the lowest price in the…

Tehran stocks closed Monday again in the red extending a long streak of losses.  The main gauge of Tehran Stock Exchange, TEDPIX, lost 7,920.75 points or 0.65% to end trading at 1,216,874.…

Foreign exchange rates were choppy Monday rising slightly in the early hours of trade before making a sharp retreat.  The US dollar closed at 241,500 rials in Tehran's free market down 1.4…

A week after the economy minister asked banks to abide by the CBI policy on deposit and lending rates, the governor of the Central Bank of Iran communicated the same to CEOs of banks.  In…

The Securities and Exchange Organization will increase the limit down price in the share market from April 21, the SEO head said.  Following a decision by the SEO board of directors, share…

Economic downturn is further affecting Tehran stocks amid the visible lack of interest in shares while jittery investors pushing hard to sell.  The market on Sunday recorded the lowest…

Settlement of Iraqi debt to Iran is likely to start in a month following an agreement signed by the two governments in March, the secretary general of the Iran-Iraq Joint Chamber of Commerce…

Tehran's share market opened trading week on Saturday again in red extending a bruising selloff that has lingered since the middle of last year. The main index of Tehran Stock Exchange, TEDPIX…

Majlis is trying to develop legal framework to allow trade in cryptocurrency, head of the economic commission said.  Mohammadreza Pourebrahimi said the commission has done a comprehensive…

The International Monetary Fund rectified its estimation of Iran's foreign currency reserves after it was questioned by the country's central bank.  In an update the IMF said Iran’s "gross…

The Governor of Central Bank of Iran Abdolnasser Hemmati dismissed claims that the CBI is the "government’s biggest debtor.”  Hemmati was objecting to statements Tuesday by Mohammad-Baqer…

With lockdowns to contain the spread of Covid-19, gold trade has moved to unofficial online platforms lacking proper monitoring, vice president of the Tehran Gold and Jewelry Union said. …

The Central Bank of Iran is preparing a credit rating platform for bank customers based on their creditworthiness, the CBI’s deputy for innovative technologies said. Speaking on state TV,…

Tehran’s forex market was calm Wednesday with most currencies posting slight changes. The dollar was sold at 248,700 rials in the free market down 500 rials or 0.21% compared to the previous day…

The Trade Promotion Organization of Iran announced new rules Wednesday for repatriating forex earnings from exports in the current fiscal year that ends March 2022.  It was prepared and…