Iran Currency News

The government will not change its current policy to subsidize imported essential goods and food up until next March, the government spokesman said.   “There won’t be any change in…

Following hikes in forex rates in the Integrated Forex Deals System, known by its Persian acronym Nima, Iranian exporters repatriated more overseas earnings to the country.    Nima is…

The High Council of the Economic Coordination will convenes on Thursday to decide the fate of the highly controversial subsidized forex policy for importing essential goods, said an official…

The company overseeing the soon-to-be launched regulated foreign exchange market cut the membership fees for exchange bureaus from the previously announced 1 billion rials ($7,700) to 250…

The currency market, seemingly in calm waters for almost two weeks, shot up Thursday triggered by negative political developments.  The US dollar rose 4% in the open market and was sold…

The company overseeing the soon-to-be-launched regulated forex market held a meeting Wednesday to brief exchange bureaus on the role, functions and responsibilities of the new market. 

The Majlis Research Center has proposed a roadmap to help wean the economy away from oil revenues by making better use of the nation’s abilities and potential  for raising income and…

The Association of Bureaux de Change Operators of Iran will hold a briefing on Wednesday for members of the regulated foreign exchange market scheduled to be launched in the near future. …

Currency rates are declining and have hit the lowest level Sunday compared to the past three months following mixed economic and political developments in and outside Iran.

Restrictions on foreign currency trade by authorized exchange bureaus have pushed people towards the black market, chief of the founding board of Association of Bureaux de Change Operators of…

A member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture has cast doubt on the efficacy of the new export earning repartition rules and urged the Central Bank of Iran to…

The parliament plans to investigate the foreign exchange policy of the Central Bank of Iran during the last fiscal year that ended in March, says head of the Majlis Economic Commission. 

Currency rates continued to descend in markets across the country on Wednesday as businesses took some relief from weeks of political bickering in the region.  The USD fetched 136,000…

The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has again urged the government to scrap the controversial subsidized currency policy and focus on creating the long-…

In the fiscal month to May 22, almost €2.16 billion in foreign currency was sold via the Integrated Forex Deals System, locally known as Nima, IRNA reported. In the same period currency rates in…

Iran is looking for a new channel to repatriate currency earings from exports to Iraq, secretary general of the Joint Iran-Iraq Chamber of Commerce said.  

The Association of Bureaux de Change Operators of Iran has called on members wanting to participate in the regulated foreign exchange market to register. 

The Securities and Exchange Organization is planning to launch foreign exchange futures contracts after a reference price for foreign currency is discovered in the soon-to-be launched regulated…

The regulated foreign exchange market can and should help in stabilizing foreign exchange rates and in the process eliminate rent-seeking and corruption because trade will be conducted in an…

The Central Bank of Iran supplied over $6 billion in foreign currency for importing goods in two months since the beginning of the current fiscal on March 21.  CBI Governor…

Currency rates have been of the declining order since last Tuesday amid widespread presence of the Central Bank of Iran in the market and reports about easing political tensions.  Each US…

The Central Bank of Iran has announced a new set of rules for repatriation of export earnings in the current fiscal (March 2019-20).  In a directive published on the CBI website Monday, it…

In the previous fiscal (March 2018-19) exporters repatriated $18.7 billion of their export earnings to the country, the Central Bank of Iran Governor Abdolnasser Hemmati wrote in an Instagram…

Euro and the Chinese yuan topped the Central Bank of Iran's list of subsidized currencies allocated for imports in the past 13 months, with USD at the bottom of the list.

A report by Tehran Chamber of Commerce, Industries, Mine and Agriculture shows the foreign exchange market recorded the highest return in the previous fiscal (March 2018-19) compared …