Iran Currency News

Iran Currency News

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

  • Tehran Market: Gold Prices Move Toward Relative Calm
    10/20/2018
    Gold prices are relatively stable according to the head of Iran’s Specialized Gold and Jewelry Commission. Speaking on state TV, Mohammad Keshti-Aray said the clam is due the decline in the...
  • Iran Government Expected to Change Currency Repatriation Rules
    10/20/2018
    Iran's private sector remains steadfast in its opposition to recent currency repatriation rules lately adopted by the government with the supposed aim of bolstering currency reserves and fostering...
  • Forex Rates Decline Continues in Tehran Market
    10/15/2018
    The currency market in Tehran stabilized further on  Sunday with the USD exchange rate dropping below the support level of 14,000 rials. The greenback was traded for 138,000 rials on the open...
  • Airfares Expected to Decline in Iran
    10/09/2018
    Iran's currency market has lost some of its fluctuating fervor in the past few days, leading to hopes that airlines will also bring down their skyrocketing prices, as some have already done so. "...
  • Iran Allocates $3b Pharmaceutical Imports
    10/09/2018
    The Central Bank of Iran governor Abdolnaser Hemmati said more than $3 billion has been earmarked for the import of pharmaceuticals since the beginning of the current fiscal in March, IBENA...
  • Iran: TEDPIX Continues Slide as Rial Stabilizes
    10/07/2018
    Selling continued on Saturday for stocks, with the Tehran Stock Exchange main gauge, TEDPIX, logging a third straight drop after getting hit by another jump in the rial value and investor...
  • $2.8b of Non-Oil Export Revenues Sold in Iran's Secondary Forex Market
    10/06/2018
    Figures from the Central Bank of Iran show that foreign currency revenues from non-oil exports from August 7 to October 3 through Nima–the Integrated Forex Deals System launched by the government...
  • Central Bank of Iran Gives More Latitude to Money Changers
    10/04/2018
    The Central Bank of Iran on Wednesday allowed currency exchange houses to sell hard currency up to €5,000 to anyone wanting to buy as the bank struggles to stabilize the foreign exchange market...
  • Tehran Currency Market: Rial Rally Continues
    10/03/2018
    The Iranian rial continued its rally on Tuesday after weeks of depreciation had sent it to a series of record low. New gains for the national currency came unexpectedly as people rushed to exchange...
  • Forex, Gold Descend in Tehran Market
    10/02/2018
    The rial on Monday pared more of its losses in the open foreign exchange market and was traded at around 154,830 to the US dollar.  According to the Tehran Gold and Jewelry Union's website, the...
  • Majlis Expects Central Bank of Iran to Stabilize Forex Market
    10/01/2018
    In the wake of the government authorization to the Central Bank of Iran to intervene in the foreign exchange market, the head of Majlis Economic Affairs Commission Mohammad Reza Pour-Ebrahimi said...
  • New Mechanism for Meeting Currency Needs
    10/01/2018
    Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says  Mehdi Kasraei-Pour,...
  • CBI Allowed to Intervene in Forex Market
    09/30/2018
    The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against major currencies...
  • Iran: Foreign Currency Accounts Exceed $10m
    09/29/2018
    The value of foreign currency accounts in local banks has exceeded $10 million, following increasing public interest in such accounts, the Central Bank of Iran reported on Thursday. Annual...
  • Tehran Market: Euro and USD Keep Climbing
    09/26/2018
    Foreign exchange rates were again defiant and continued to climb on Tuesday with the US dollar surpassing the all-time high of 160,000 rials.  According to the Tehran Gold and Jewelry Union...
  • Currency, Gold at New High in Tehran Market
    09/25/2018
    The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other major currencies as they gained considerably against the plummeting rial. The dollar was...
  • CBI: Currency Inflow Growing Steadily
    09/23/2018
    Governor of the Central Bank of Iran said on Saturday that since his bank allowed the import of hard currency by money exchange houses and other legal and natural persons, the inflow has been...
  • Support for  Forex Measures
    09/23/2018
    The head of Competition Council welcomed efforts made by the Central Bank of Iran to stabilize the currency market, saying CBI has taken positive measures to improve the conditions under the...
  • Arrest Over Afghan Forex Smuggling
    09/22/2018
    A man has been arrested for smuggling $38,000 from Afghanistan to Iran, an Afghan official said on Tuesday. The cash was being carried to the neighboring country in a cement truck, said Jelani...
  • IRICA: Gold, Forex Imports Not Smuggling
    09/22/2018
    The import of foreign currency does not amount to smuggling and their import, as well as those of gold, is permitted without restriction, a directive issued to all customs offices across the...
  • CBA Concerned About Forex Outflow to Iran
    09/18/2018
    The Central Bank of Afghanistan raised concerns about the increasing smuggling of US dollars to neighboring countries, especially Iran, from Afghanistan and warned that this could further impact...
  • SCI Surveys Dollar Value Changes in Q1 Foreign Trade
    09/15/2018
    The first quarter of the current Iranian year (March 21-June 21) saw exports and imports in dollar terms of “Fishing” sector register the most remarkable changes, the Statistical Center of Iran...
  • €3.2 Billion for Essential Imports
    09/15/2018
    Central Bank of Iran Governor Abdolnasser Hemmati announced on his Instagram page that €3.2 billion have been allocated for the import of essential goods in the past one month. Hemmati added that...
  • CBI Censured Over Policy Inconsistency
    09/12/2018
    Members of Tehran Chamber of Commerce, Industries, Mines and Agriculture’s Board of Representatives convened on Tuesday to discuss the latest status of the economy, particularly the anguish caused...
  • Currency Repatriation Rules Notified
    09/11/2018
    The Central Bank of Iran notified a directive on Monday, elaborating on rules based on which exporters are required to bring back their export earnings into the “economic cycle” of the country. The...

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