Iran Currency News

On Thursday, which marked the last trading day in Iran’s markets, gold coin had a slight drop of 25,000 rials ($0.51) and fetched 16.33 million rials ($336), Banker.ir, an analytical news…

Both foreign exchange and gold markets on Monday kicked off their rallies after days of relative calm, with major foreign exchange rates registering significant gains against Iran's national…

With the government’s rescue package reining in the foreign exchange market, the private sector once again voiced its objection over the administration’s adamance on keeping the national…

The Central Bank of Iran’s main plan to control runaway foreign exchange rates has been successful, as the total value of liquidity attracted by banks from the sale of rial certificates of…

The Central Bank of Iran is working to fulfill the longstanding pledge of unifying the dual foreign exchange rates, despite recent volatility that unsettled the currency market. 

The new directive, which bans the use of the US dollar in import order registrations by Iranian traders, serves the double purpose of sidelining the US dollar and curbing the volatility that…

Based on a directive issued by the Ministry of Industries, Mining and Trade, the ministry-affiliated National Trade System announced that as of Wednesday, all traders are prohibited from…

A total of 302,511 gold coins were pre-purchased by applicants, according to Bank Melli, the lender in charge of implementing the Central Bank of Iran’s initiative to hold gold coin presale to…

Rial continued its gain against the US dollar in Tehran's foreign exchange market, as the Central Bank of Iran pushed through with its rescue package to stabilize the currency that had lost a…

The presale of Bahar Azadi gold coins priced at 14 million rials ($311) and 13 million rials ($288) respectively with maturity periods of six months and one year began on Saturday at Bank Melli…

Foreign exchange market showed early signs of cooling on Thursday after the Central Bank of Iran unveiled its emergency package aimed at enticing investors to embrace regulated monetary and gold…

As the fallout from the forex market volatility continued into Wednesday, the Cabinet approved a package by the Central Bank of Iran to stabilize the market and push speculators into a legal…

The US dollar is notching new highs against the rial in Tehran’s foreign exchange market these days, while the stock market remains relatively dormant.

This is while equities, especially…

The US dollar's bull run in Tehran's foreign exchange market continues unabated, with rial plumbing new lows against the greenback.

Reports from the market on Tuesday indicated that rial…

The US dollar hit new highs against the rial on Monday, as the foreign exchange market continued to surprise investors and policymakers who are struggling to accept record forex rates as the new…

Tehran’s foreign exchange market on Wednesday heated up again, as the rial weakened 1.1% and was quoted at 46,190 against the dollar. The greenback had backtracked slightly earlier this week,…

After days of rallying against the rial in Tehran's foreign exchange market, the US dollar is showing signs of losing momentum.

On Wednesday, the rial was quoted at 45,720 to the dollar…

Iran's foreign exchange market on Saturday witnessed a rise in the rates of all major currencies against rial, the national currency.

Both the currency and gold markets were in a bearish mood on Saturday with both the benchmark gold coin and the US dollar losing their value in Tehran market.

On the first day of the…

Most foreign currencies in Tehran’s market gained against the rial on Sunday, as the currency demand for overseas travel increase toward the end of December and the holiday season.

The…

The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.

On Sunday, the rial was quoted at 41,550…

Rial has depreciated more than 10% over the last three months against the US dollar and was quoted at 41,360 to the greenback at Tehran's foreign exchange market on Monday.

The Central Bank of Iran distinguishes between temporary fluctuations and long-term trends in the foreign exchange market and closely considers this in its decision-making to ensure forex…

The government spokesman has announced that the administration is against any irrational devaluation of rial against the US dollar since its policy is to manage the rates of foreign currencies…

It’s a fairly straightforward scenario. Weakening a domestic currency stimulates the country’s exports and makes imports more expensive—a desirable route to shape an export-…