Iran Forex Market News

Iran Forex Market News

  • Hemmati Reiterates Role of Market in Forex Rates
    Governor of Central Bank of Iran Abdolnasser Hemmati says the regulator is steadfast in the belief that market forces should determine forex rates.  "The central bank has a strong conviction that...
  • Forex Trading Mixed
    Tehran's currency market was almost stable Monday as   foreign exchange rates were unchanged.  The dollar traded for 245,000 rials in the free market, posting 1,000 rials or 0.41% decline compared...
  • Rail Up as Forex, Gold Lose Allure
    Forex and gold prices plunged in Tehran in the past three days amid optimism about a stronger rial in the coming weeks. The dollar plunged to five-month lows on Saturday fetching 229,000 rials –...
  • Forex and Gold Slip in Tehran Market
    Foreign exchange rates declined on Saturday impacted by prospect of a stronger rial in light of optimism that Iran’s financial and banking ties with the outside world were set to improve. The...
  • Forex and Gold Halt Rise
    Gold prices and foreign exchange rates retreated on Wednesday after rallying for two consecutive sessions. The dollar lost 3.14% or 8,000 rials, and was quoted at 255,000 rials in Iran’s open...
  • Forex, Gold Edge Up in Tehran’s Market
    Foreign currencies gained against the rial on Monday bucking a declining trend that started last Wednesday. The rally as usual extended to the bullion market. The dollar changed hands for 264,000...
  • Forex and Gold Higher
    Foreign currencies gained against the rial on Monday in Tehran’s open market. The dollar climbed 15,000 rials to reach 291,000 rials, more than 5% higher compared to earlier session. Other major...
  • Rial Up, Forex and Gold Down
    The national currency pared earlier losses at the beginning of trading day on Saturday as sentiment in the forex market weakened following new measures announced by the Central Bank of Iran...
  • CBI Says Forex Injections Help
    The Central Bank of Iran said it injected $450 million into the market to help stabilize the volatile market and control foreign exchange rates.  In a press release published on its website, the...
  • Forex Rates at New Record Highs
    The US dollar jumped to an all-time high of 320,000 rials on Thursday, despite the central bank’s move to inject currency in the forever rising market.  The dollar finished the week at 320,000...
  • Rial Enters Crisis Mode
    The foreign exchange market in Iran is experiencing unprecedented highs as major currencies continue to rise against the national currency.   In the open market the dollar was quoted at 312,000...
  • Rial Plunges to All-Time Low
    The US dollar rose again in Tehran’s free market at the close of trading week on Thursday, moving incessantly toward 300,000 rials.  Having touched a milestone, the greenback declined slightly...
  • Forex Rates and Gold Climb
    Foreign exchange rates made significant gains on Monday despite efforts by the Central Bank of Iran to meet demand through the secondary market.  The US dollar rose 1.5% or 4,400 rials to 294,000...
  • Slight Gains in Currency Rates
    Forex rates in Tehran were rather stable on Sunday compared to the past several weeks as traders exercised extra caution due to the Central Bank of Iran’s presence in the market.  According to...
  • CBI Unable to Put the Brakes on Forex Rates
    After touching 280,000 rials on Wednesday, the US dollar again extended gains against the rial on Thursday. It sold for 286,500 rials in Tehran’s open market, rising 6,000 rials, or 2%, compared to...
  • Forex Rates and Gold Back to Record Highs
    After a brief lull, currency rates again rallied against the rial on Sunday. The dollar was quoted at 273,000 rials in Tehran’s open market, up 7,000 rials, or 2%. Keeping pace with the upsurge,...
  • Forex Rates Behind Gold’s Glitter
    Gold coin prices jumped above the all-time high of 120 million rials on Thursday as demand for the metal and foreign exchange rates soared again.     Emami gold coin briefly broke past the...
  • CBI Suspends ‘Currency Quota’
    The Central Bank of Iran on Wednesday temporarily suspended allocation of $2,200 or equivalent in foreign currency at relatively less rates to the people after price arbitrage with the free market...
  • Call to Incentivize Compliant Exporters
    Governor of the Central Bank of Iran Abdolnasser Hemmati has called on President Hassan Rouhani to incentivize exporters who have fulfilled their commitment to repatriate their overseas revenues...
  • Forex and Gold Firm in Tehran Market
    Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in check for a few sessions largely due to the intervention of the Central Bank of Iran...
  • Gold, Forex Slide in Tehran Market
    After a concerning pattern of hikes in the price of gold and foreign currency in Tehran, both assets registered decline in Monday trade. The US dollar was close to 214,300 rials in the open market...
  • Forex Rates Rise Unabated in Tehran Market
    Currency rates are rising unabated in Tehran with exchange bureaus affiliated to, and working for, the Central Bank of Iran again the increased the dollar rate by 3.65% on Sunday after the 10% rise...
  • Trade via Nima Takes a Big Hit
    Foreign exchange trade in the secondary market, known as Nima, declined significantly in three months since the beginning of the current fiscal year (March 20) up to June 13 compared to the similar...
  • Forex at 20-Month High in Tehran Market
    Major currencies on Thursday hit the highest rates since September 2018 with the dollar traded at 180,000 rials in Tehran’s open market.  One euro fetched 203,000 rials and the UK pound sterling...
  • Changes in Iran's CB Forex Market Policy
    ​Governor of the Central Bank of Iran says the bank has put an end to the unreasonable practice of injecting foreign currency into the market to control forex rates. "Pumping forex into the market...

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