Iran Currency News

While forex rates advanced at the end of last week, the trend paused on Saturday apparently due to unexpected political developments and cautious optimism. The market was relatively stable in…

The Plan and Budget Organization (PBO) has defended the government’s decision to end its forex subsidy policy basic imports.  In a statement released Monday the PBO responded to a group of…

The domestic gold market saw big gains at the beginning of trading week on Saturday amid rising currency rates.  The popular Emami gold coin jumped more than 4.7% or 7.5 million rials in…

After allowing non-oil exporters to sell their foreign currency at “negotiated rates” earlier in the week, the Central Bank of Iran extended the move to other forex sellers.   In a bylaw…

The rial compensated some of the earlier loss on Tuesday as foreign currencies dipped dragging down prices in the domestic gold market.  The US dollar retreated to 324,000 rials in Tehran’…

The Central Bank of Iran said it is undertaking efforts to improve forex supply in the volatile market by encouraging non-oil export companies to increase their currency sale. 

The Central Bank of Iran says it is committed to boost the supply side in the currency market.  After crossing the record high a session before, forex rates notched another gain on Sunday…

Foreign exchange rates hit a new record in Tehran’s unofficial market on Saturday.  The US dollar crossed the historic level of 320,000 rials and jumped to 327,500 rials, registering 1.5%…

The US dollar crossed the record high of 320,000 rials on Thursday in Tehran’s open market and closed at 322,500.  The price was 1.2% or 4,000 rials higher from the earlier session on…

After a brief hiatus on Monday, forex rates climbed again on Tuesday in Tehran’s unofficial market.    The US dollar drew closer to 320,000 rials at midday and was traded at 319,500…

Currency and gold prices retreated slightly from the recent highs as the market opened on Monday after the two-day public holiday.  

The High Council of Economic Coordination gave the Central Bank of Iran additional authority to restore calm to the chaotic currency market.  The council is the ad hoc decision-making body…

After a one-day hiatus, foreign exchange rates soared on Wednesday at Tehran’s free market, which also pushed up prices in the bullion market.   The US dollar advanced to as high as 317,…

Logging daily gains since last week the US dollar crossed the critical 310,000-rial level on Monday in the open market and closed at 311,000 rials, rising more than 3%.  America’s currency…

Private companies have been complaining that the government apparently failed to anticipate the challenges manufacturing units would face after it ended the policy of allocating subsidized…

The Iranian National Tax Administration (INTA) said foreign currency dealers must also pay tax if they trade outside the purview of official exchange bureaus and banks.

The Central Bank of Iran says the supply of currency for imports outpaced damned over the past three weeks.  “Forex resources are enough to fully cover imports as well as [needs of] the…

Forex rates and gold prices dropped at the beginning of business week on Saturday bucking a rising trend that dominated the whole of last week.

Reaching the multi-month high of 307,000…

Foreign exchange rates in the unofficial market extended weeklong gains against the rial hitting fresh highs on Thursday.  The dollar was traded at as high as 308,000 rials posting more…

Forex rates hit new highs at Tehran’s unofficial currency market on Wednesday carrying with it the bullion market.  The US dollar briefly touched the psychological 300,000 rials in the…

Foreign currencies posted considerable growth in Tehran’s free market with the US dollar quoted at 291,800 rials on Tuesday.  According to Esghtesadnews.com, the dollar crossed the…

Currency trade in the secondary market, known locally as Nima, reached almost $4 billion from the beginning of the fiscal year in late March to May 9. In press statement posted on its website…

Banks will accept forex deposits and pay interest in cash in the same currency, the Central Bank of Iran said.  In a press statement posted on its website, the central bank said that the…

The Central Bank of Iran allocated $11 billion for importing goods in one month since the beginning of the current fiscal year (March 21), a CBI official said.

“Four billion dollars…

The Economy Minister Ehsan Khandouzi said Tuesday the government is determined to take the first step towards gradually eliminating subsidized currency in this fiscal year.