Iran Currency News

As Iran's national currency has lost considerable value in recent months, local hotel operators are now calling for a two-tier pricing system.  The proposal is fiercely opposed by tour…

The rial rallied on Saturday paring much of its losses during the past week even as the US sanctions on Iran's oil exports are certain to take effect by Monday. According to reports from…

Foreign exchange rates on Wednesday continued their upward trajectory with the US dollar crossing the resistance level of 150,000 rials in Tehran's open market.  Currency rates were mostly…

Foreign exchange rates gained on the Tehran currency market on Sunday for the first time after a period of stability with the dollar again crossing the resistance level of 140,000 rials. In late…

Much as the Iranian national currency's steep devaluation in recent months gave rise to challenges, it has also provided a boost to the country's trade balance on the back of surging exports and…

The central bank governor said volume of foreign currency trade in the secondary market amounted to €7.3 billion in the past two months.

Iran's private sector remains steadfast in its opposition to recent currency repatriation rules lately adopted by the government with the supposed aim of bolstering currency reserves and…

The currency market in Tehran stabilized further on  Sunday with the USD exchange rate dropping below the support level of 14,000 rials. The greenback was traded for 138,000 rials on the…

The Central Bank of Iran governor Abdolnaser Hemmati said more than $3 billion has been earmarked for the import of pharmaceuticals since the beginning of the current fiscal in March, IBENA…

Iran's currency market has lost some of its fluctuating fervor in the past few days, leading to hopes that airlines will also bring down their skyrocketing prices, as some have already done so…

Selling continued on Saturday for stocks, with the Tehran Stock Exchange main gauge, TEDPIX, logging a third straight drop after getting hit by another jump in the rial value and investor…

Figures from the Central Bank of Iran show that foreign currency revenues from non-oil exports from August 7 to October 3 through Nima–the Integrated Forex Deals System launched by the…

The Central Bank of Iran on Wednesday allowed currency exchange houses to sell hard currency up to €5,000 to anyone wanting to buy as the bank struggles to stabilize the foreign exchange market…

The Iranian rial continued its rally on Tuesday after weeks of depreciation had sent it to a series of record low. New gains for the national currency came unexpectedly as people rushed to…

The rial on Monday pared more of its losses in the open foreign exchange market and was traded at around 154,830 to the US dollar. 

According to the Tehran Gold and Jewelry Union's…

Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says  Mehdi…

In the wake of the government authorization to the Central Bank of Iran to intervene in the foreign exchange market, the head of Majlis Economic Affairs Commission Mohammad Reza Pour-Ebrahimi…

The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against major…

The value of foreign currency accounts in local banks has exceeded $10 million, following increasing public interest in such accounts, the Central Bank of Iran reported on Thursday.

…

Foreign exchange rates were again defiant and continued to climb on Tuesday with the US dollar surpassing the all-time high of 160,000 rials. 

According to the Tehran Gold and…

The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other major currencies as they gained considerably against the plummeting rial. The dollar was…

Governor of the Central Bank of Iran said on Saturday that since his bank allowed the import of hard currency by money exchange houses and other legal and natural persons, the inflow has been…

The head of Competition Council welcomed efforts made by the Central Bank of Iran to stabilize the currency market, saying CBI has taken positive measures to improve the conditions under the…

A man has been arrested for smuggling $38,000 from Afghanistan to Iran, an Afghan official said on Tuesday. The cash was being carried to the neighboring country in a cement truck, said Jelani…

The import of foreign currency does not amount to smuggling and their import, as well as those of gold, is permitted without restriction, a directive issued to all customs offices across the…