Iran Currency News

Foreign exchange rates in Tehran started the week without fanfare as the market takes a wait-and-see approach given the uncertainty surrounding the extended nuclear talks in Vienna and the…

The dollar continued to gain against the national currency on Wednesday strengthening above the critical 250,000-rial level. In choppy trade the greenback made a brief retreat to 250,000 rials…

Foreign exchange rates continued to rise on Tuesday with the  dollar crossing the 25,000-rial range -- the highest in 11 weeks. The dollar was sold at 251,300 rials in Tehran's open market…

The currency market recovered from a brief hiatus a session earlier to resume past rallies on Monday and bolstered the domestic bullion market.

Foreign exchange rates continued to decline in Tehran on Sunday as the rial got a long-awaited boost following reports that talks in Vienna to restore Iran’s nuclear deal were in the final round…

Gold prices declined sharply on Saturday in Tehran amid a rush of sellers following a steep downturn in world markets. The popular Emami gold coin lost more than 4.8% and was quoted at 103.1…

After posting a slight increase a session earlier, foreign exchange rates advanced on Thursday with the dollar strengthening above 240,000 rials. The greenback surged close to 1% or 2,300 rials…

Foreign exchange rates increased slightly on Wednesday with the dollar crossing the 241,000-rial threshold in Tehran's free market. The greenback fetched 241,100 rials up 700 rials or 0.3% in…

Iran’s Trade Promotion Organization has launched on online platform to enable exporters to enquire about their forex repatriation commitments. “This would enable them to check how much [money]…

After a short hiatus a session earlier, forex rates bounced back on Tuesday spurred mainly be political developments. The dollar moved above 240,000 rials and was quoted as high as 241,500…

The minimum capital requirement for setting up foreign exchange shops has been increased to 250 billion rials ($1.08 million) in large cities and 130 billion rials ($565,000) in other cities,…

Foreign exchange rates fell on Monday at Tehran’s currency market after two sessions of rally, as speculators increased offers to save gains.

Forex rates advanced again on Sunday in Tehran building on recent gains spurred by reports of change of guard at the Central Bank of Iran.    The dollar moved above the critical 240,…

Currencies rallied in Tehran on Saturday after more than two weeks of stability spurring a rising trend in the domestic bullion market.  Vacillating between 228,000-232,000 rials in the…

The Central Bank of Iran said Tuesday it is no hurry to announce new procedures for cryptocurrency exchanges. "Contrary to recent claims, the central bank is focused on a roadmap for managing…

While precious metals rise in international markets, the domestic bullion market did not waver under the omnipresent influence of the currency market in Tehran. Foreign exchange rates retreated…

Forex rates declined on Monday pulling down gold prices in the Iranian market. The dollar retreated after breaking past the critical 230,000 rial at the start of trading week on Saturday. The…

The Iran Fintech Association, an independent body of fintech startups, has responded to attempts by parliament and financial authorities to impose restrictions on cryptocurrency exchanges. In a…

Currency and gold prices rallied on Saturday in Tehran after official markets were closed for two days due to religious holidays. The dollar briefly rebounded to 230,000 rials before retreating…

Currency and gold prices increased on Monday contrary to expectations of the Central Bank of Iran that rates will decline as the Iran nuclear talks in Vienna make progress. The dollar gained 2.…

Foreign exchange rates climbed on Saturday despite expectations that the prices would decline due to the diplomatic efforts in Vienna related to Iran’s nuclear agreement. The dollar was sold at…

Forex and gold coin prices have become more sensitive to the rumor mills and reports about the outcome of the marathon nuclear talks between Iran and the five world powers in Vienna. Both…

Major foreign currencies are fast losing value in Tehran amid reported panic selling with the market regulator implying that further decline is on the way. Extending a long losing streak the…

The possibility of removing banking sanctions and unfreezing billions in forex assets in foreign banks are the main reason behind the sharp decline in currency prices in recent days. In a press…

Foreign exchange rates in Tehran dropped sharply on Saturday  and pulled down the gold market.   Struggling near 230,000 rials in early trade, the dollar lost the psychological level…