Iran Currency News

The Iranian Hoteliers Association is reviewing its pricing policy to allow hotels to offer a double-currency payment system, a move aimed at mitigating the fallout from a volatile currency…

The Central Bank of Iran has supplied $239 million over the past three months at the official exchange rate to satisfy public demands for foreign currency to pay for medical, educational,…

As the negative consequences of the government’s policy in enacting a single exchange rate for the US dollar are becoming clearer, report from local media suggest that the government is finally…

A third unofficial foreign exchange market has emerged, despite the government's efforts to prevent the turbulent currency market from spiraling out of control, a lawmaker warned.

Amid various suggestions for reforming the travel money policy, Iran's Cultural Heritage, Handicrafts and Tourism Organization, as the country's top tourism authority, has proposed the…

In a bid to ease Iranian technology firms’ access to hard currencies to bring goods into the country and receive services from international companies, the ICT Ministry with the assistance of…

The Majlis Economic Commission criticized the government’s poor handling of a crisis that hit the hard currency market in April and stressed the need for measures to boost the Secondary Forex…

Foreign exchange rates and gold coin prolonged their rallies on Monday, amid news of President Hassan Rouhani deliberating changes in his economic team, which will likely replace the governor of…

After a period of calm, the US dollar is once again surging in the unofficial market along with other major currencies against the rial. 

The forex rally is joining hands with gold…

A top official with Iran's Cultural Heritage, Handicrafts and Tourism Organization has called into question the recently released data pointing to the amount of hard currency that has flown out…

Confirming rumors of an imminent change in the Central Bank of Iran’s policy to allocate subsidized currency to outbound tourists, the head of CBI’s Forex Policies & Regulations Department…

The supply of currency to the Secondary Forex Market will decrease in the coming months, as export gains will fall due to the government’s current approach toward exports and the rising demand…

The government’s policy to allocate dollars and euros to companies at a fixed rate of exchange was the best policy, a deputy minister of economic and finance affairs said.

Hossein Mir-…

Two goals set have been set for the recent establishment of the so-called “Secondary Forex Market”, namely meeting the country’s monetary needs through non-oil exports and setting a non-…

A total of $312 million were allocated by the Central Bank of Iran to people traveling abroad in the roughly three months that has passed since the Iranian government decided to unify the…

Government is to levy taxes on gold coin and foreign currency buyers who benefited from windfall profits amid the recent volatility in the two markets, the economy minister announced on Monday.…

The Central Bank of Iran is expected to change its policy of giving foreign currencies to people traveling overseas at subsidized rates as soon as next week, in the face of growing public…

Foreign exchange rates in the unofficial market registered gains on Sunday after the government stopped all currency allocation at the unified rate of 42,000 rials. 

The measure to…

Petrochemical firms have presented $1.5 billion of their export earnings to the market in the past two months at the unified rate of 42,000 rials, a guild official announced. 

Ahmad…

The secondary foreign exchange market started working in earnest on Tuesday, with reports suggesting that the first trading at a negotiated exchange rate was almost equivalent to that of the…

As uncertainties loom over the way foreign exchange rates will be set in the newly-launched secondary foreign exchange market, a Central Bank of Iran official said "supply and demand" will be…

As the months-long foreign currency and gold coin rally in Iran prevails, mainly due to unyielding speculative activities that have contributed to the decline of the rial, the judiciary has now…

Three key lawmakers have asked President Hassan Rouhani to significantly limit the multi-tier foreign exchange system based on which a big portion of imported goods receive their hard currency…

The long-expected secondary foreign exchange market officially commenced work while exchange bureaus remain barred from physical trading in hard currency. 

As markets await the official launch of the "secondary foreign exchange market" in the bourse, officials and merchants alike hope that the measure will provide some respite to the market where…