Iran Currency News

The ascending order of the US dollar and euro continued on Wednesday, being sold respectively at 178,000 rials and 194,000 rials in Tehran's open market.  The greenback was traded 0.9%…

The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran. The moneychangers traded the dollar at 170,230 rials, up 2,…

Following reports that the Central Bank of Iran has allowed companies to import goods “without transferring foreign currency”, the CBI outlined conditions for doing so.  The so-called…

Major currencies started trading week on a positive note after recording a brief drop on Thursday.  The US dollar fetched 172,000 rials in Tehran’s open market on Saturday, registering 1.…

Price of the US dollar passed over 170,000 rials in Tehran on Tuesday, hitting a 20-month high. Emami gold coin also recorded an all-time high on Tuesday climbing to an unseen 70.087 million…

Currency prices shot up again on Monday in Tehran as bank-affiliated moneychangers tagged the US dollar at 165,000 rials -- the highest in the past 20 months. Cold coin prices also increased by…

Lawmakers on Sunday voted in favor of modifying laws related to currency and goods smuggling, increasing fines and penalties for those who smuggle foreign currency to and from Iran. 

Gold in the domestic market is being traded at all-time highs with analysts warning about bubbles in the price of the precious metal.  Emami gold surged more than 2.5% Saturday and was…

The government decision to lop four zeroes off the national currency could have some positive impact on the stock market, analysts say.  The move would seemingly have little influence on…

The widening gap between the bid prices of foreign currency and their purchase in the secondary forex market could undermine the export sector growth, head of Iran Export Confederation said.…

A review of the performance of financial markets in the 2019-20 fiscal shows investment in the currency and gold market yielded the lowest returns, and the stock market delivered the highest…

Foreign currency rates jumped 58.5% in the last calendar month to April 19 in the secondary forex market, known as Nima, compared to the same month last year. 

Major currencies gained against the rial Wednesday with the USD heading upward after breaking past 160,000 rials. It was traded as high as 162,400 rials at Tehran’s open market up 2,400 rials…

Foreign currency rates declined in Tehran’s open market on Saturday for the third consecutive day with the downturn extended to the gold market.  The US dollar was traded 156,000 rials,…

Currency rates soared sharply in Tehran on Monday amid warnings that the prices are driven more by speculators and less by fundamental factors. Following a period of steep volatilities, the…

In a report on the controversial policy of the government to subsidize foreign currency for basic imports, the Majlis Research Center said it is ill-advised and a waste of scarce national…

The Supreme Council of Economic Coordination on Tuesday extended the authority of the Central Bank of Iran for one more year to control the currency market and regulate exchange rates. 

Spike in foreign currency rates gained momentum on Monday after an average 3% climb a day earlier.  Each US dollar was quoted 155,000 rials by exchange-bureaus affiliated to the Central…

Foreign exchange rates and gold coin prices fell on Saturday  following Central Bank of Iran measures to moderate rates after a week of high volatility. 

The rial extended a losing streak against major currencies for the third day on Wednesday, pushing the Central Bank of Iran to intervene in the market to restore some semblance of calm. …

The sharp increase in currency rates will not change the Central Bank of Iran's approach toward the market, the CBI governor said. Responding to ongoing fluctuations in the forex market,…

Currency rates jumped against the rial on Saturday in Tehran market amid rising demand and apparently a shortage in supply.   The US dollar was traded between 151,000 to 153,000 rials…

Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial Action Task Force on Iran by the weekend.  The US dollar was…

Price of the US dollar reached 141,300 rials in Tehran’s open market on Sunday, the highest in the past nine months.  The greenback started the ascending order in the past few weeks…

Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial Action Task Force on Feb 21.  Moneychangers in Tehran sold…