Iran Currency News

Mohammad Reza Farzin, the Governor of the Central Bank of Iran, said the CBI has started buying and selling currencies directly, to help accelerate the process of currency allocation. 

The Central Bank of Iran governor says the bank made available subsidized forex ($1=285,000 rials) worth $3.5 billion for medicine import in the current Iranian year (started March 21).

The central bank has stopped allocating forex to importers who buy currency from the free market before applying for foreign currency at cheaper prices. In a letter to his deputy for forex…

Mohammad Reza Pour-Ebrahimi, the head of the Majlis Economic Commission has warned against the return of the command economy saying that the country can no more bear with the seemingly unending…

The Central Bank of Iran said it has plans to launch a currency stabilization fund to lift the sagging rial and stabilize the chaotic forex market.  According to Mohammad Reza Farzin, the…

Central bank governor, Mohammad Reza Farzin, has strongly defended the bank's new move selling the US dollar at 285,000 rials for importing essential goods, saying that it seeks to restore some…

The Central Bank of Iran is planning to hold an event in Tehran to discuss international monetary relations and de-dollarization, the CBI deputy for international affairs, Mohsen Karimi, said.…

Lawmakers have voiced support for the Central Bank of Iran following the latter’s move to implement new restrictions on the allocation of cheaper foreign currency.  The CBI last week…

The Central Bank of Iran said moneychangers and banks can henceforth sell currency only up to €2,000 to each Iranian in one year, lowering the cap from €5,000. Last month the CBI said selected…

Currency rates dropped in Tehran’s unofficial markets after months of record highs. The US dollar was quoted at 425,000 rials on Sunday in the open market, down 3.19% from the previous day's…

The Central Bank of Iran said it has allowed all authorized moneychangers to buy the export income of mining and petrochemical companies, the secretary of the Iran Exchange Bureaus’ Association…

Currency rates dropped in Tehran’s unofficial markets after months of record highs. The US dollar traded at 525,000 rials on Wednesday in the open market down 2.4% on the previous day. …

The ‘Council for Coordination of the Three Branches of Power’ has decided to delegate more authority to the Central Bank of Iran to enable it prop up the rial and stabilize the chaotic forex…

First Vice-President Abbas Mokhber, Economy Minister Ehsan Khandouzi and the Governor of the Central Bank of Iran Mohammad Reza Farzin went to the Majlis on Saturday to brief lawmakers on the…

The Central Bank of Iran officially unveiled the Currency and Gold Trade Center apparently in the latest bid to control forex and gold prices that have jumped to levels unseen in the history of…

With forex rates at historic highs, the Central Bank of Iran says it has new plans for “managing currency rates”.

Russia and Iran are cooperating in banking and are planning to ramp up the share of national currencies in mutual settlements, Russian deputy foreign minister, Andrei Rudenko, said.

The central bank officially launched the ‘Iran Currency and Gold Trade Center’ in line with the new governor's bid to try and control skyrocketing forex and gold prices.  The measure was…

Foreign exchange rates jumped again on Saturday in Tehran's unofficial market to continue on the upward trajectory seen for months.  The US dollar shot up by 4.22% to buy 433,300 rials on…

Five banks will start selling dollars and euros without the need for buyers to register with the Iran Central Exchange website, the Central Bank of Iran announced on Thursday.

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The governor of the Central Bank of Iran, Mohammad Reza Farzin, said the bank has gained access to a big part of its blocked assets in some foreign countries and is using it to control currency…

The Central Bank of Iran said it has raised the ceiling for the amount of local currency local residents and foreigners can hold when leaving and entering the country to 50 million rials (around…

The Central Bank of Iran is making concerted efforts to stabilize the chaotic forex market amid the steep decline in the national currency, the bank governor said. “We have set up a joint…

Forex reserves are in a relatively better shape and supply to the secondary currency market, known as Nima, has improved considerably, the governor of the Central Bank of Iran said. “We expect…

The Central Bank of Iran will issue foreign currency bonds starting Saturday as a part of its plan to stabilize the chaotic forex market.  Forex will be offered at the state-owned Bank…