Business And Markets

Iran’s gold market will be closed for two weeks starting today (Nov.21) in line with tougher lockdown measures announced by the government, head of Tehran Gold and Jewelry Union said.   "…

Plans to offer financial aid to people hit by the Covid-19 outbreak will be funded from resources other than the Central Bank of Iran, the bank’s governor said. 

Tehran’s share market made gains on the last day of trading week Wednesday extending a winning streak into the sixth day.  The main index of Tehran Stock Exchange, TEDPIX, climbed more…

The Iranian National Tax Administration reported 99 trillion rials ($380 million) in tax revenue from stock trade in the first six months of current fiscal year (March 20-Sept.21). 

Forex and gold prices continued to fall on Wednesday in Tehran. The Emami gold coin lost 3.42% and was priced at 117 million rials. Half Bahar Azadi plunged 5.74% to 61 million rials. The coin…

Aversion to government bonds was visible at the auction on Tuesday for the eight straight round.  The government hardly sold 1.4 trillion rials ($5 million) to investors out of the total…

India's state-owned UCO Bank has denied plans to halt processing Iranian transactions.

"UCO Bank is committed to bilateral settlement of permissible transactions between Iran and India…

Share prices increased on Tuesday amid high sentiment. The main index of Tehran Stock Exchange, TEDPIX, rose by 35,000 points in the early trading hours. 

Given the widespread use of checks in Iranian trade and transactions, the Central Bank of Iran will likely face a tough time in getting people accustomed to changes in the check issuing system,…

The Central Bank of Iran has agreed to increase the investment ceiling for bank-affiliated investment companies in the share market, a move seen as another push to lift the sagging stock market…

The Securities and Exchange Organization, the Iranian stock market regulator, has instructed listed companies to designate market makers or else they could be ejected from the market. 

UCO Bank of India may reconsider cutting ties with Iranian banks following the victory of Joe Biden in the US presidential elections and an anticipated change in Washington’s Iran policy, Parham…

Foreign currencies gained against the rial on Monday bucking a declining trend that started last Wednesday. The rally as usual extended to the bullion market. The dollar changed hands for 264,…

Shares in Tehran entered a choppy market on Sunday, rising more than 20,000 points in the early hours of trade before paring much of the gains.  The main index of Tehran Stock Exchange,…

Major currencies extended losses against the rial on Sunday with the dollar closing the session more than 3.7% lower.  The greenback surrendered the 260,000-rial support level in the later…

The Central Bank of Iran is ready to implement amendments to the Check Issuance Law passed by the Majlis in Nov. 2018. The new law will be enforced from the next Iranian calendar month starting…

The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the first seven months of the current fiscal year (March 20-Oct. 21…

Data released by the Central Bank of Iran show during the first half of the Iranian fiscal year (March-Sept. 2020), payments made through online gateways were 23.8% higher in volume and up 255%…

The Central Bank of Iran is designing new banknotes that could be used even after the ‘currency revaluation’ plan is implemented, head of its money printing department said.

More than 2.8 billion transactions worth 4,839.19 trillion rials ($17.92 billion) were processed by the national payment settlement network, Shaparak, during the last calendar month (Sept.22-Oct…

The Central Bank of Iran circulated a new 100,000-rial banknote with four zeroes having a light color signifying the CBI's plan to remove four zeros from the national currency. According to the…

The governor of the Central Bank of Iran Abdolnasser Hemmati again instructed the CEOs of banks and credit institutions on Thursday to enforce anti-money laundering rules with extra diligence.…

Iran’s forex market seems to be relatively calm following bouts of anxiety before and after the Nov. 3 US presidential election.    The dollar surged 1% or 4,000 rials to 275,000…

The Central Bank of Iran says it lent to banks last week in need of liquidity by implementing open market operation.  The CBI conducted the repurchase agreement (repo) and gave 26.5…

The Central Bank of Iran circulated a new 100,000-rial banknote with four zeroes having a light color signifying the CBI's plan to remove four zeros from the national currency. According to the…