Iran Currency News

The process of transferring foreign exchange to other countries might solely become the jurisdiction of exchangers due to the recent disputes with Halkbank and Emirati banks, a banking expert said…

The greenback was traded at 37,570 rials in the open market and 32,447 rials in the official market with a respective increase of 136 rials and a decrease of 2 rials. On the other hand, the…

The Cabinet announced the details of foreign exchange hedging directive proposed by the Export Guarantee Fund of Iran and approved in the 17th meeting of the Cabinet members on Sunday.

In its latest quarterly report on Iran’s economic performance, the Middle East Bank reviewed fluctuations in the country’s foreign exchange market in the last Iranian year (ended March 20, 2017…

The rial was quoted in the free market at 37,800 to the US dollar in Tehran on Monday, having kept a steady course since the Norouz (Iranian New Year) holidays started on March 21.

Bahar Azadi Gold Coin fell by 100,000 rials on Wednesday, changing hands for 12.10 million rials ($323) in Tehran’s market to witness another drop after an unexpected rally in recent days.…

The rial was 37,800 to the dollar on Saturday, marking a 0.08% gain against the US currency compared with the previous day’s close, according to Tehran Gold and Jewelry Union's website. 

The Central Bank of Iran has managed to control foreign exchange rates and promote a relative stability in the forex market despite a turbulent season that saw the rial drop to historic lows…

The currency market has been stable in recent days, ignoring a deluge of news stories that should have conventionally rocked the boat. 

In fact, the domestic market has been mostly…

The US dollar was exchanged for 38,500 rials in Tehran’s market, the Association of Bureaux de Change Operators of Iran announced, down by 800 rials or 2% compared with Monday.

Chances that the final draft of the Banking Reform Bill and the Central Bank Bill will be approved by the Iranian Parliament by the end of President Hassan Rouhani’s first term in the summer of…

The unification of Iran's dual foreign exchange regime and the decline in the exchange rate of major currencies were among the most important topics discussed at Saturday's meeting between top…

The end of the current Iranian year in March will bring about an end to currency fluctuations plaguing the market, as increased supply helps moderate the market, predicts the director of the…

Bahar Azadi gold coin sold for 11.8 million rials ($284.3) on Tuesday, up by 2.6% at 300,000 rials from the previous day.

The US dollar’s exchange rate also climbed 500 rials, reaching 41,…

The Majlis Economic Commission is to hold a meeting with Economy Minister Ali Tayyebnia and Central Bank of Iran Governor Valiollah Seif to discuss the recent upheavals in the Iranian forex market…

Many illegal bureaux de change have been identified and a number of them have been fined heavily, said the director general for banking regulations, licensing and anti-money laundering at the…

The greenback's rate reached 41,000 rials on Sunday, recording a new all-time high.

Subsequently, Governor of Central Bank of Iran Valiollah Seif said banks should reclaim their “historic…

The recent hike in the US dollar’s exchange rate in the Iranian market after the greenback gained against all other major currencies does not equal a weaker rial, claims a deputy economy minister…

The Central Bank of Iran, in a statement on Saturday, informed businesses to approach the banking system for purchasing foreign exchange.  

“Back in July, the banking system was…

The US dollar exchange rate is expected to drop after the New Year Eve, said the Central Bank of Iran’s head of Exports Department.

The currency registered a big recent rally in Tehran…

When a country’s currency weakens, its imports go up in price but its exports gain competitiveness. This is an exhaustive cycle, however.

As exports rise, the country’s currency regains…

The US dollar broke the 40,000-rial threshold in Tehran's market on Wednesday, recording an all-time high for the currency.

While the American currency had begun to rally in November, the…

The US dollar on Tuesday was exchanged for 39,700 rials in Tehran's market, coming closest to the 40,000 rials in recent history, according to the Association of Bureaux de Change Operators…

The current rate of the US dollar in the Iranian market varies greatly from the rate predicted in the annual budget and the discrepancy must be managed by the government, says the head of Majlis…

President Hassan Rouhani’s government does not want foreign exchange rates to surge against the rial, as it would not be in its favor, the administration’s spokesman said.

“The official…