Iran Currency News

Iran Currency News

Follow the latest news stories about Iran currency market, future, forex rates, and Iranian gold coin prices.

  • CBI Outlines Top Priorities
    08/19/2018
    The governor of the Central Bank of Iran, who took the reins of the policymaking body late last month, has outlined his top priorities for solving the problems and instilling stability in the...
  • Decline in Forex  Rates Expected
    08/18/2018
    While the foreign exchange rates are still considered bullish by most observers, both officials and businesspeople expect the market to stabilize in the coming days, as the latest rescue package...
  • New Forex Initiative Unable to Tip Scales
    08/16/2018
    The new forex initiative has only managed to fix major policy mistakes of the past two quarters, which is not enough to control profiteering in the foreign exchange market. The above statement was...
  • Central Bank of Iran Against Market Intervention
    08/16/2018
    Central Bank of Iran's Governor Abdolnasser Hemmati said the regulator's policy under his watch continues to be non-intervention in the foreign exchange market. "We have said repeatedly that we do...
  • New Government Policies Reduce Forex Demand
    08/15/2018
    The implementation of new foreign exchange policies by the Iranian government has meaningfully curbed unnecessary demand for cheap currency, the industries minister said.   Addressing a gathering...
  • Gold Coin Gains
    08/15/2018
    The benchmark Bahar Azadi gold coin gained on Tuesday, as both gold and foreign currency markets await greater stability in the wake of the government's rescue package that was unveiled last week...
  • How Turkey’s Lira Crisis Could Impact Iran
    08/15/2018
    Over the past week, the value of Turkish lira collapsed yet another time.  At first glance, this seems like a problem peculiar to Turkey, but economists are warning that the Turkish lira’s slide...
  • Iran: Airfares Skyrocket in Wake of Forex Crisis
    08/14/2018
    The Civil Aviation Organization of Iran issued a directive on Thursday, saying that the foreign currency needed by airlines to finance their ongoing operations would be determined at the rates set...
  • Certified Exchangers List Gets Longer
    08/14/2018
    The Central Bank of Iran has released the updated list of certified exchange bureaux currently active in the country, as it pursues a crackdown on unlicensed moneychangers that have proven a bane...
  • CBI Seeks Forex Stability
    08/13/2018
    The Central Bank of Iran released a statement assuring the public and businesses that the recent price surge in the open market is bound to abate, as CBI seeks to deepen the market with more supply...
  • CBI: Market Can  Meet All Forex Needs
    08/11/2018
    The Central Bank of Iran has urged people to meet their hard currency requirements through the established foreign exchange market, which consists of banks and certified exchange bureaux,...
  • New Regulations on Forex for  Overseas Trips Help Fix Flaws
    08/11/2018
    New guidelines by the Central Bank of Iran regarding the supply of foreign exchange for travel purposes have seemingly helped fix the flaws of the former misguided policy through creating a more...
  • Exchangers Resume Work With New To-Do List
    08/09/2018
    With the government's rescue package for the currency market in full swing, exchange bureaus have found a newly-defined role after nearly four months of zero transaction.  As reported by the local...
  • Forex Market Welcomes Rescue Plan
    08/08/2018
    After months of volatility, the foreign exchange market has embraced a forex plan unveiled by the government on Sunday. Exchange houses resumed their normal operations, halted 115 days earlier on...
  • Gov’t Moves Closer  to Market Economy
    08/07/2018
    The government has eased foreign exchange rules and allowed money exchangers to resume work at open market rates, as part of the latest rescue package intended to calm the volatile market.  In a...
  • Forex Market Volatility Subsides
    08/06/2018
    Rial rebounded on Sunday, in anticipation of Central Bank of Iran Governor Abdolnasser Hemmati's announcement of the new plan to calm forex market volatility that has seen Iranian currency sink to...
  • Currency Volatility to Curtail Payment Network Growth
    08/06/2018
    Ongoing currency fluctuations in Iran have the potential to put a dent in the strong growth of the country’s payment network, the head of Informatics Services Corporation, the company in charge of...
  • CBI Delivers Presold Gold Coins
    08/06/2018
    The Central Bank of Iran said on Saturday it has fulfilled its commitment of delivering the gold coins purchased by people during the presale scheme in the past few months. According to a...
  • CBI Forex Plan to Be Unveiled on Monday
    08/05/2018
    First Vice President Es'haq Jahangiri announced that the new foreign exchange plan, which is intended to address the recent volatility in the currency market, has been approved by the High Economic...
  • Online Forex System for Knowledge-Based Firms
    08/05/2018
    The Central Bank of Iran has established an exclusive online system to allocate foreign currencies at cheap government rates to innovative and knowledge-based firms in collaboration with the...
  • New Forex Package Expected to Comply With Majlis Stance
    08/04/2018
    The government's new package to salvage the volatile currency market agrees with the lawmakers' own plans for strengthening the rial, the chairman of Majlis Economic Commission said.  Mohammad...
  • Optimism Over New Forex Plan
    08/02/2018
    As markets await the government’s new foreign exchange plan to combat the intense volatility, speculation about the contents of the package abounds.  Mohammad Reza Pour-Ebrahimi, chairman of...
  • Tourism Offers High Potential to Help Weather Currency Crisis
    08/01/2018
    A top tourism official highlighted the untapped potential of the tourism sector to attract foreign currency inflows at a time the government is grappling with a currency crisis.  "Over five...
  • Forex, Gold Bull Run Slows Ahead of New CBI Package
    08/01/2018
    Foreign exchange rates in Tehran's unofficial market declined in a sign that the bull run has slowed, following the Central Bank of Iran's announcement that it will soon unveil a package of new...
  • 30 Major Coin Purchases Funded by Six Banks
    07/31/2018
    Tehran Prosecutor Abbas Jafari Dolatabadi said investigators in a high-profile probe to crack down on suspected fraud in the gold coin market have traced the means to fund the 30 largest coin...

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