Iran Currency News
Follow the latest news stories about Iran currency market, future, forex rates, and Iranian gold coin prices.
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December 11,2019The rial regained some lost territory against the US dollar on Wednesday after the Central Bank of Iran intervened through its affiliated moneychangers. CBI’s role was conspicuous from the early... -
December 09,2019Responding to the new chaos in the currency market, the Governor of Central Bank of Iran Abdolnasser Hemmati blamed it on developments unfolding in the political, social and economic arena. ...
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December 07,2019The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials in Tehran’s open market -- the highest in the past five months.
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December 06,2019Major currencies hit six-month highs on Thursday as the US dollar was heading toward the resistance level of 130,000 rials. The greenback climbed above 128,000 rials for the day and was traded...
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November 29,2019Despite persistent calls by economic experts and academia on the government to scrap subsidized currency allocations, it appears that the controversial forex policy to pay for importing basic goods...
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November 26,2019Price of the US dollar rose 2.45%, or 2,950 rials, on Tuesday to reach 123,480 rials in the Tehran market. Each euro was worth 135,440 rials, registering 1.79% or 2,440-rial growth compared to the...
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November 24,2019Except for brief volatility in the first weeks of the new fiscal year (started March 2019), the currency market has seen relatively stability throughout the year. The Central Bank of Iran on...
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November 20,2019Since the beginning of the current fiscal year (March 20), more than €10.6 billion earned from exporting non-oil goods has been sold through the Central Bank of Iran's secondary forex market, known...
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November 19,2019The US dollar declined by 1.45% on Tuesday in Tehran ands was worth 119,990 rials. On Saturday the greenback had climbed above the psychological level of 120,000 rials in Tehran’s open market,...
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November 16,2019The foreign exchange market in Tehran was in turmoil on Saturday amid investors' pessimism over the prospect of another burst in prices, namely currency prices, after the implementation of gasoline...
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November 15,2019Currency rates in Tehran’s market have been rising since last week after more than three months of relative calm. The US dollar changed hands for about 116,500 rials on Thursday, up 40,000 rials...
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November 01,2019Head of the company that oversees the long-awaited regulated foreign exchange market says the market is ready to start functioning and is awaiting a final go-ahead by the regulator. In response...
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October 27,2019Currency rates and gold coin prices dropped in Tehran’s market last week. Tehran Gold and Jewelry Union data show the Bahar Azadi Gold Coin was priced at 39.6 million rials at the beginning of...
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October 16,2019The total value of foreign currencies sold by exporters of non-oil goods at Iran's secondary market amounted to €9.2 billion since the beginning of the current fiscal year (started March 21), €7.86...
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October 09,2019Over the past decade, goods and services in Iran suffered at least two bouts of price shocks following unprecedented volatility in the currency market due to foreign economic sanctions. But...
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September 25,2019The governor of Iran’s central bank says the country has totally scrapped US dollar in trade with Russia and Turkey, and trade partners are using their national currency instead. According to...
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September 06,2019A report published by the economic research department of Tehran Chamber of Commerce, Industries, Mines and Agriculture show that the currency market was the worst-performing market in the first...
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August 26,2019Sailing in calm waters since the beginning of the calendar year (mid-March), the currency market witnessed another fall at the start of the business week in Tehran on Saturday. On Monday the...
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August 20,2019Leaving behind months of rainy days, Iran’s economy is showing signs of improvement in major variables, governor of the Central Bank of Iran said on Monday. Speaking on prime time state TV,...
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August 18,2019A former governor of the Central Bank of Iran says the regulated foreign exchange market would be a significant step by the CBI toward a single rate currency. Welcoming the positive aspect of the...
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August 10,2019Governor of the Central Bank of Iran says the government is opposed to the repatriation of export earnings in rial as it would weaken the economy. “It does not make sense to repatriate earnings in...
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July 30,2019Approximately $27.5 billion was repatriated by non-oil exporters to the secondary currency market known locally as Nima (Integrated Forex Deals System) since the fifth month of last calendar year (...
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July 29,2019Head of the company that will oversee the regulated forex market says the new market will open with the participation of 100 plus money changers.
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July 28,2019The regulated foreign exchange market will be launched on August 12 to coincide with the annual feast of Eid al-Adha (Eid- e- Qorban in Iran), the governor of the Central Bank of Iran said Saturday...
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July 26,2019Governor of the Central Bank of Iran Abdolnasser Hemmati has reviewed the achievements of the bank one year after he took office and outlined future plans. In an Instagram post Thursday, Hemmati...
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