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January 17,2022
After a short-lived rally a session earlier, currency prices paused Monday dragging down prices in the domestic bullion market.
The US dollar closed at 274,800 rials in Tehran’s unofficial market...
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January 16,2022
Tehran’s currency market opened lower Saturday as fears of further decline sparkled a new bout of selling.
After big losses in the recent past, the US dollar relatively stabilized last week...
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January 09,2022
The rial added to recent gains on Sunday as major foreign currencies retreated. The dollar lost 3% at the Tehran’s open market or 9,000 rials to settle at 275,500 rials at the close of the session...
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January 07,2022
Foreign exchange rates fell again on Thursday in Tehran amid optimism among traders over the outcome of the ongoing talks between Iran and world powers in Vienna to restore the landmark 2015 Iran...
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January 04,2022
Forex rates declined in Tehran’s free market on Tuesday apparently due to guarded optimism over the new round nuclear talks in Vienna.
The dollar was quoted at 291,800 rials posting more than 1%...
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December 28,2021
Foreign currencies pulled back on Tuesday in Tehran after weeks amid declining expectations arising from long-awaited positive political developments.
The dollar dipped further after losing the...
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December 24,2021
The reported government move to eliminate forex subsidies for import of basic goods would pose importers with new liquidity problems, businesspeople say.
The government has called for putting an...
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December 20,2021
Forex and gold prices saw meager growth on Monday except for the Turkish lira that posted another significant drop during the day.
Moneychangers sold the dollar at 301,000 rials slightly higher...
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December 18,2021
The Industries Ministry and Central Bank of Iran signed a memorandum of understanding to coordinate the foreign trade programs of the former with the forex policy of the latter.
According to a...
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December 13,2021
Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains.
The dollar lost the psychological 300,000 rials support level and retreated to 298,000...
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December 12,2021
Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal.
The dollar dropped more than...
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December 08,2021
The Iranian National Tax Administration announced Wednesday that henceforth currency trade will be taxable.
In a press release posted on its website, INTA said that the decision is part of the...
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December 07,2021
The Central Bank of Iran will launch an electronic trade platform to register retail demand for foreign currency, the governor Ali Salehabadi said.
Salehabadi was speaking during a rare tour of...
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December 06,2021
The Governor of the Central Bank of Iran Ali Salehabadi said access to foreign currency is improving gradually.
“CBI’s access to forex resources has improved meaningfully in the present fiscal...
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December 05,2021
Supply of foreign currency to the regulated wholesale market and the secondary forex market known as Nima increased in the current fiscal year (started March), an official with the Central Bank of...
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December 04,2021
The currency market in Tehran was highly volatile on Saturday, apparently riven by negative political developments that sent forex and gold prices to the highest in past 14 months.
The dollar...
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November 30,2021
Foreign exchange rates declined in Tehran’s free market on Tuesday, mostly under the influence of positive reports related to the new round of Iran’s nuclear talks in Vienna.
Eghtesadnews website...
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November 28,2021
Exchange shops affiliated to banks priced foreign currencies considerably lower on Sunday but free market rates were slightly higher.
Melli Exchange of Bank Melli Iran sold the dollar at 264,124...
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November 27,2021
The Central Bank of Iran has ordered moneychangers to stop selling cheaper currency to people with unspecified needs.
It said the regulator will continue allocating forex for 25 services, asking...
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November 26,2021
Export companies sold $18.1 billion in foreign currency in the secondary foreign exchange market, known locally as Nima, in the eight months (March 21-Nov.20).
The amount was $10.7 billion in the...
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November 26,2021
The government has delayed the plan to eliminate forex subsidies for basic goods, the Economy Minister Ehsan Khandouzi said.
"The government initially decided to move towards ending the allocation...
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November 24,2021
The US dollar gained 1.6% or 4,700 rials and was traded at 290,030 rials in Tehran’s open market on Wednesday, the highest since March.
Bank-affiliated moneychangers sold demanded 271,540 rials...
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November 23,2021
Foreign exchange rates continued to rise Tuesday in Tehran’s open market extending an ascending order that started on Saturday.
The dollar was choppy reaching above 286,000 rials early in the day...
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November 15,2021
Foreign currencies stumbled on Monday for the second straight session in Tehran’s unofficial market after a two-week rally.
The dollar was down 1.25% or 3,500 rials for the day to settle at 282,...
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November 14,2021
The Governor of Central Bank of Iran Ali Salehabadi has expressed hope that increase in forex revenue would help control volatility in the currency market.
Salehabadi said the regulator will...