Iran Forex Market News
September 20, 2020 20:04
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September 20,2020After 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,... -
September 11,2020Gold 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... -
September 09,2020The 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... -
July 26,2020Governor 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... -
July 25,2020Major 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... -
July 06,2020After 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... -
July 05,2020Currency 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... -
June 13,2020Foreign 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... -
June 12,2020Major 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... -
June 05,2020Governor 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... -
May 17,2020The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran. The moneychangers traded the dollar at 170,230 rials, up 2,300... -
May 17,2020Following reports that the Central Bank of Iran has allowed companies to import goods “without transferring foreign currency”, the CBI outlined conditions for doing so. The so-called import... -
May 15,2020Foreign currency offered at the secondary foreign exchange market increased significantly in the past week, the Central Bank of Iran said. Forex sold in the secondary market (known locally as... -
May 12,2020Price of the US dollar passed over 170,000 rials in Tehran on Tuesday, hitting a 20-month high. Emami gold coin also recorded an all-time high on Tuesday climbing to an unseen 70.087 million rials... -
May 11,2020Currency prices shot up again on Monday in Tehran as bank-affiliated moneychangers tagged the US dollar at 165,000 rials -- the highest in the past 20 months. Cold coin prices also increased by... -
May 10,2020Lawmakers on Sunday voted in favor of modifying laws related to currency and goods smuggling, increasing fines and penalties for those who smuggle foreign currency to and from Iran. They set a... -
April 26,2020A review of the performance of financial markets in the 2019-20 fiscal shows investment in the currency and gold market yielded the lowest returns, and the stock market delivered the highest... -
April 25,2020Foreign currency rates jumped 58.5% in the last calendar month to April 19 in the secondary forex market, known as Nima, compared to the same month last year. -
March 16,2020Exporters of non-oil goods sold €16 billion ($17.8 billion) in their overseas revenues on the secondary foreign exchange market, known as Nima, since the beginning of the current fiscal year that... -
March 10,2020In a report on the controversial policy of the government to subsidize foreign currency for basic imports, the Majlis Research Center said it is ill-advised and a waste of scarce national resources... -
February 26,2020The rial extended a losing streak against major currencies for the third day on Wednesday, pushing the Central Bank of Iran to intervene in the market to restore some semblance of calm. The US... -
February 16,2020Price of the US dollar reached 141,300 rials in Tehran’s open market on Sunday, the highest in the past nine months. The greenback started the ascending order in the past few weeks due mainly to... -
February 12,2020Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial Action Task Force on Feb 21. Moneychangers in Tehran sold the... -
January 25,2020Exchange shops in Tehran on Saturday sold the US dollar at 133,500 rials, which was up 2.7%, or 3,500 rials, compared to previous working day's close. According to the Tehran Gold and Jewelry... -
January 21,2020A list of 150 companies that failed to repatriate their export revenues has been sent to the judiciary, head of Iranian Export Confederation said, noting that the deadline of the Central Bank of...
