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October 13,2020
Financial markets in Tehran on Tuesday had an uneventful session after a highly volatile day a session earlier.
Major share indices, forex and gold prices were near the flat-line for the day....
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October 11,2020
The foreign exchange market in Iran is experiencing unprecedented highs as major currencies continue to rise against the national currency.
In the open market the dollar was quoted at 312,000...
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October 10,2020
Gold and foreign currency in Tehran posted strong gains in post-holiday trading on Saturday jumping to record highs.
Emami gold coin jumped 7.5 million rials, or 4.82%, to an all-time high of 155....
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October 06,2020
Unabated rallies in currency rates propelled exchange shops affiliated to the Central Bank of Iran to push rates to unprecedented levels on Tuesday.
The dollar climbed 10,000 rials to 292,000...
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October 05,2020
Foreign exchange rates in Iran’s free market climbed again on Monday after a lull in the past two sessions as the US dollar clawed back losses in previous trade.
The greenback surged to 293,000...
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October 04,2020
Major currencies moved further from record highs reached last week and declined Sunday both in Tehran’s free market and official exchange-bureaus affiliated to the Central Bank of Iran.
The US...
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October 03,2020
After reaching new peaks in the last trading session, advance of the dollar against the national currency paused at the start of new trading week.
The US currency dipped more than 4,000 rials on...
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October 02,2020
The US dollar rose again in Tehran’s free market at the close of trading week on Thursday, moving incessantly toward 300,000 rials.
Having touched a milestone, the greenback declined slightly...
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September 30,2020
Gold coin prices soared again in Tehran riding on the upbeat mood in the currency market and the omnipresent rush to buy the precious metal
The Emami gold coin extended gains on Wednesday to...
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September 28,2020
Foreign exchange rates made significant gains on Monday despite efforts by the Central Bank of Iran to meet demand through the secondary market.
The US dollar rose 1.5% or 4,400 rials to 294,000...
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September 27,2020
Forex rates in Tehran were rather stable on Sunday compared to the past several weeks as traders exercised extra caution due to the Central Bank of Iran’s presence in the market.
According to...
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September 27,2020
Building on the past week gains, the US dollar temporarily moved above 290,000 rials at the start of the trading week in Tehran on Saturday but failed to advance further after intervention by the...
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September 25,2020
After touching 280,000 rials on Wednesday, the US dollar again extended gains against the rial on Thursday. It sold for 286,500 rials in Tehran’s open market, rising 6,000 rials, or 2%, compared to...
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September 25,2020
The national currency plunged to new lows on Wednesday as the dollar advanced to new record high. The greenback broke past the critical 280,000-rial level for the day in Iran’s open market and was...
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September 21,2020
After rising a session earlier, the US dollar lost momentum on Monday and stayed unchanged apparently after political tensions impacting investor sentiments eased.
The greenback was worth 272,500...
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September 20,2020
After a brief lull, currency rates again rallied against the rial on Sunday. The dollar was quoted at 273,000 rials in Tehran’s open market, up 7,000 rials, or 2%.
Keeping pace with the upsurge,...
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September 20,2020
The rising tide of foreign currency rates against the rial paused on Saturday after soaring to record highs last week. The slide extended to the bullion market.
A dollar was quoted 266,000 rials...
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September 16,2020
The Governor of the Central Bank of Iran Abdolnasser Hemmati reiterated that fluctuations in the foreign exchange market is linked more to external and less to economic factors.
In a note posted...
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September 14,2020
The national currency declined to new lows in the face of a rising dollar on Monday but later recovered partially following intervention by exchange bureaus affiliated to the Central Bank of Iran...
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September 13,2020
Forex rates moved above 260,000 rials on Sunday to extend a rally that has strengthened since the beginning of the previous week.
The dollar made a big leap forward and rose by 5,000 rials, or 2...
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September 12,2020
Building on earlier gains, the US dollar advanced at the start of the trading week on Saturday climbing above the psychological level of 260,000 rials in unofficial currency markets in Iran.
This...
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September 11,2020
Gold coin prices jumped above the all-time high of 120 million rials on Thursday as demand for the metal and foreign exchange rates soared again.
Emami gold coin briefly broke past the...
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September 09,2020
The Central Bank of Iran on Wednesday temporarily suspended allocation of $2,200 or equivalent in foreign currency at relatively less rates to the people after price arbitrage with the free market...
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September 08,2020
Foreign exchange rates gained against the rial in Tehran’s unofficial market Tuesday amid rising demand and despite large-scale forex injection by exchange bureaus affiliated to Central Bank of...
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September 07,2020
Price of the dollar increase slightly by 0.04% on Monday to reach 246,300 rials. The currency started the week with 1.3% increase.