Iran Currency News

The Majlis has passed amendments to rules that government uses to curb forex smuggling, further restricting conditions for trading and holding foreign currencies. The new legislation is an…

Forex and gold prices increased again in Tehran’s free market on Monday amid renewed diplomatic efforts to revive the landmark Iran nuclear deal.  According to Eghtesadnews, the dollar was…

Forex rates paused on Wednesday after consecutive gains since the beginning of trading week impacting the domestic gold market.  The US dollar surged to two-month high and was traded as…

Forex rates saw big swings in the past two sessions in the unofficial currency market in Tehran with prices moving up on Sunday.   The dollar jumped more than 1.5% to be traded at 263,500…

After a brief rally in the session before, foreign exchange rates retreated on Wednesday in Tehran’s unofficial market.  The dollar went as high as 263,500 rials on Tuesday before giving…

After two successive declines since the beginning of the business week on Saturday, forex rates jumped again on Monday driving up gold prices. 

Foreign exchange rates continued to slide Saturday in Tehran’s free market, mostly under the influence of positive reports on the Iran nuclear deal talks in Vienna.   

The price of US dollar and other major foreign currencies declined in Tehran’s market on Friday, after posting stability in the past week.  The dollar lost more than 1.14% against the rial…

After sustaining hits in the beginning of trading week on Saturday, forex rates reversed course in the past two sessions along with the domestic bullion market. The US dollar clawed back near…

Extending previous losses, forex rates plunged further in Tehran on Sunday following new reports on the progress in the Iran nuclear talks in Vienna.  The US dollar was traded at 256,300…

Foreign exchange rates in Tehran have moved upward since the beginning of the Iranian week on Saturday after posting successive declines.  Extending a three-day rising trend, the US dollar…

After a string of losses in the beginning of the week, foreign exchange rates dipped further on Tuesday as talks over reviving the Iran nuclear deal resumed.  Gold also fell. The US dollar…

The Central Bank of Iran is working on measures to help attract more foreign currency to the banks. Ahmad Lavasani, head of the High Council of Iran Exchange Shops Union, says the CBI will…

Foreign exchange rates plunged and the rial strengthened on Saturday amid new reports about progress in negotiations to revive the Iran nuclear deal.  The dollar lost more than 3.6%…

Foreign exchange rates fell again on Wednesday 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…

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…

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…

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…

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…

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…

Foreign currencies pulled back on Tuesday in Tehran after weeks amid declining expectations arising from long-awaited positive political developments. 

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…

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…

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…

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,…