Iran Currency News
Follow the latest news stories about Iran currency market, future, forex rates, and Iranian gold coin prices.
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November 23,2021Foreign 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... -
November 15,2021Foreign 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 14,2021The 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...
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November 13,2021While currency market observers had expected a pause in the volatile currency market after a weeklong rally, forex rates continued to climb at the beginning of the trading week on Saturday. The...
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November 12,2021The dollar reached 284,240 rials on Thursday in Tehran’s open market, the highest rate since the beginning of the calendar year in March 2021. The greenback started the week at 276,000 rials,...
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November 10,2021Forex and gold prices climbed on Wednesday extending the upward trajectory that started on Saturday. The dollar closed slightly above 283,000 rials in Tehran’s open market, notching up 0.8%. It...
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November 07,2021Foreign exchange rates advanced on Sunday for the second straight day in Tehran’s open market pushing up the domestic bullion market. The dollar closed at 279,900 rials, gaining 0.61% or 1,700...
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October 25,2021The government's plan to eliminate forex subsidies will not be implemented this month despite insistence from several quarters. The subsidized foreign currency policy ($1=42,000 rials), which came...
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October 16,2021The Majlis Research Center scrutinized the policy of “curbing exchange rates” adopted by successive governments and concluded that it has harmed the economy in more ways than one. In a report the...
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October 13,2021The dollar bucked the declining trend on Wednesday after falling below the psychological support level of 270,000 rials a session before. Trade under the support level was short-lived as rates...
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October 12,2021Forex and gold prices continued to decline in Tehran market on Tuesday. The dollar was sold at 271,200 rials during the day posting 1.37% or 3,700 rials decline compared to Monday's close. It was...
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October 02,2021The Central Bank of Iran says it has plans to further increase the repatriation of foreign currency by exporters, noting that it is not too concerned about meeting forex demand. "The integrated...
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September 29,2021After almost a month of relative stability, foreign exchange rates jumped Wednesday in Tehran’s open market.
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September 28,2021The government’s plans to end subsidized currency for importing basic goods will expose companies to increasingly higher working capital needs. Head of the Agriculture Commission of Tehran Chamber...
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September 14,2021The government will put on end to paying subsidized foreign currency to import pharmaceuticals, the health minister said. “Allocating subsidized currency creates the ground for rent-seeking and...
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September 14,2021Foreign exchange rates on Tuesday pared most of loss incurred on Thursday and in the process lifted gold prices in the domestic market. The dollar advanced above the 270,000 level in Tehran’s open...
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September 13,2021Currencies pulled back against the rial on Monday in Tehran’s market though some of the losses were pared later. The dollar briefly fell below the psychological 270,000 rials in the early hours of...
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September 10,2021Foreign exchange rates extended gains on Thursday after the dollar advanced above 270,000 rials a session before. The greenback closed more than 1% higher or 2,900 rials, reaching 278,200 rials in...
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September 08,2021Soymeal prices in the domestic market have soared by 200% compared to last year, says the head of Food Wholesalers Association, noting that soybean imports are entitled to subsidized foreign...
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September 08,2021The forex market in Tehran was volatile on Wednesday as most foreign currencies posted gains reportedly spurred by expectations arising mainly from political developments. The dollar vacillated...
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September 05,2021Prices in the currency and gold markets surged Sunday after some stability in four sessions. However, the precious metal outpaced forex rates buoyed by rising trends in international markets. The...
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August 31,2021After holding back two days, foreign exchange rates clawed back on Tuesday, paring some of the losses.
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August 30,2021Foreign exchange rates pared more of their previous gains on Monday dragging down gold prices in the domestic market.
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August 29,2021After days of consecutive rallies, foreign exchange and gold prices dropped in Tehran on Sunday spurring a bout of selling.
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August 28,2021The dollar advanced above the critical 280,000 rials at the start of trading week on Saturday as the national currency is tanking under a fresh bout of volatility.
