Iran Currency News

Foreign exchange rates surged in the Tehran market on Saturday, prompting the Central Bank of Iran to release a statement to reassure the public that it has a grip on the market.  "…

Rules for launching an official foreign exchange market were approved by the Money and Credit Council - a top financial decision-making body headed by the governor of Central Bank of Iran.…

The Tehran Stock Exchange has released an analysis comparing the fiscal 2018-19 budget with a year before and budgetary forecast on the capital market performance for the year ahead. 

Iran Chamber of Commerce, Industries, Mines, and Agriculture in a notice called on exporters to keep on repatriating their currency earning on Integrated Forex Deals System, locally known as…

Close to €22 billion was allocated by the Central Bank of Iran for import of essential goods during the first nine months of the current fiscal (March 21- December 21). 

The Majlis Research Center, the parliament’s research arm, has taken a dim view of the preferential forex rate policy of the government in the past months and warned about the perpetuation of…

In its latest directive, the Central Bank of Iran, on Tuesday urged exporters to return their export earnings to "the country's economic cycle'' as their three-month deadline comes to an end.…

After unexpected gains in currency rates over the past week, the market returned to stability on Thursday. On the last trading day of the Iranian week, the US dollar dropped below the…

Foreign exchange rates on Tuesday registered dramatic increases after weeks of stability that saw the rial recover much of its earlier losses. The US dollar was traded 115, 000 in the afternoon…

As stability in the foreign exchange market takes hold, gold prices are also following suit. The benchmark gold coin market dropped again on Tuesday and fetched around 33 million rial ($335),…

Following the slump in currency rates, the gold coin has also dropped in value in recent weeks to reach the lowest point in the past four months.  According to Mohammad Kashti-Aray,…

Foreign exchange rates in Tehran were again of the declining order on Wednesday as several factors prompt the rial to pare much of its unprecedented losses since the beginning of the current…

The rial strengthened sharply on Tuesday, climbing to a near three-month high against the US dollar. With the exchange rate breaking below the psychological level of 110,000, the US dollar was…

The Central Bank of Iran said after the creation of the secondary foreign exchange market – known by its Persian name Nima – in late April, €6.8 billion was sold by it for imports. 

Head of the Securities and Exchange Organization said the SEO is willing to launch a market for currency futures (also known as FX futures) but noted that the Central Bank of Iran has the final…

The Central Bank of Iran in a directive on Saturday announced rules and regulations for selling and buying foreign currency of export earnings at authorized exchange bureaus.   It…

Following the recent decline in foreign currency rates, the price of goods which leaped (thanks to earlier exchange rate rises) over the past several months is expected to fall again, says…

Gold prices in Tehran fell 10% during the week to November 29 following the drop in foreign exchange rates. Mohammad Kashtiaray, president of the Special Gold and Jewelry Commission of the Iran…

Foreign exchange rates in Tehran’s market dropped below the support level of 120,000 rials on Wednesday as foreign currency rates continue to decline in the open market.  The US…

Foreign exchange rates are of the declining order in the final days of November thanks to a stronger presence of the Central Bank of Iran in the market and optimism that Iran will continue to…

The Central Bank of Iran will soon launch a formal foreign currency market where dealings will take place at free rates, the bank’s governor said Monday.  Abdolnasser Hemmati said this in…

Iran’s central bank has communicated the details of the latest currency repatriation rules that oblige all exporters to repatriate their earnings.  The directive has four clauses, as…

Currency and gold markets in Iran registered one of their biggest weekly declines in recent months despite the   re-sanctioning of wide sectors of the economy by the Trump White House…

Foreign exchange rates continued their downward trend on Tuesday even as new US sanctions are being imposed on Iran. According to reports from the open market, the rial was traded for 136,500…

The rial has been keeping relatively steady since the reimposition of US sanctions  last week, a fact reflected in official comments in Tehran that much of the impact of the sanctions have…