Iran Currency News

The 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…

Foreign 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…

Currencies 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…

Foreign 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…

Soymeal 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…

The 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…

Prices 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.…

After holding back two days, foreign exchange rates clawed back on Tuesday, paring some of the losses. The dollar had hit the strong support level of 270,000 rials on Monday but moved toward…

Foreign exchange rates pared more of their previous gains on Monday dragging down gold prices in the domestic market. The dollar retreated further toward 270,000 rials in Tehran’s open market,…

After days of consecutive rallies, foreign exchange and gold prices dropped in Tehran on Sunday spurring a bout of selling.   The dollar bucked a month-long rising trend and retreated to…

The 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. The greenback closed the day…

Foreign exchange rates extended gains against the national currency on Wednesday with the dollar getting closer to the critical 280,000-rial level.  Currencies were traded moderately in…

Major currencies rallied sharply in the early hours on Tuesday in Tehran but pared some of the gains in the middle of the day. The dollar crossed above 278,500 rials in the open market before…

Foreign currencies continued to gain against the rial during the six-day lockdown in the unofficial market in Tehran as geopolitical risks loom and uncertainty mounts in the region and beyond.…

Extending a week-long rally at Tehran foreign exchange market, the dollar advanced above the 260,000-rial level to reach the highest level in nine months. The American currency closed at 265,…

The ascending order of forex rates in Tehran continued on Tuesday with the dollar moving above 260,000 rials in the open market. The greenback climbed more than 1.7% or 4,400 rials and was…

Foreign exchange rates increased for the third consecutive session on Monday with the dollar quoted as high as 258,500 rials in Tehran open market. The domestic bullion market however, was down…

The rising trend in Tehran’s foreign exchange market bucked on Sunday along with gold prices. After briefly touching 260,000 rials a session earlier, the dollar retreated Sunday dropping more…

Building on last week’s gains, foreign exchange rates rallied in Tehran at the start of the business week on Saturday pushing up prices in the domestic bullion market. The dollar briefly…

In wake of the rising trend that started last week, the US dollar crossed above the critical 250,000 rials on Tuesday in Tehran’s open market. The greenback was quoted at 251,200 rials, 0.6% or…

Parliament on Monday passed a law that criminalizes export companies that fail to return their overseas income to the country. The new legislation is an amendment to Combating Goods and Foreign…

Forex rates declined on Wednesday in Iran as positive reports about Iran’s access to its overseas frozen assets weakened sentiment in the currency market. The dollar lost more than 1.2% or 3,…

Forex and gold prices posted slight gains on Tuesday in Tehran paring some earlier losses.   After pulling back to the critical 250,000-rial level a session earlier, the dollar was quoted…

Foreign exchange rates declined in Tehran’s free market on Monday amid uncertainty about the nuclear talks in Vienna and emergence of the fifth wave of Covid-19 infections across the country.…

The Central Bank of Iran says volatility in the currency market is ephemeral. In a press release published on its public relations website, it said “macroeconomic variables improved last year…