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January 16,2022
Tehran’s currency market opened lower Saturday as fears of further decline sparkled a new bout of selling.
After big losses in the recent past, the US dollar relatively stabilized last week...
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January 09,2022
The rial added to recent gains on Sunday as major foreign currencies retreated. The dollar lost 3% at the Tehran’s open market or 9,000 rials to settle at 275,500 rials at the close of the session...
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January 07,2022
Foreign exchange rates fell again on Thursday in Tehran amid optimism among traders over the outcome of the ongoing talks between Iran and world powers in Vienna to restore the landmark 2015 Iran...
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December 30,2021
Petrochemical companies are in the lead in generating foreign currency revenue at a time when Iran’s economy is under US sanctions and struggling with forex shortages.
In a talk with IRIB, Ahmad...
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December 28,2021
Foreign currencies pulled back on Tuesday in Tehran after weeks amid declining expectations arising from long-awaited positive political developments.
The dollar dipped further after losing the...
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December 24,2021
The reported government move to eliminate forex subsidies for import of basic goods would pose importers with new liquidity problems, businesspeople say.
The government has called for putting an...
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December 13,2021
Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains.
The dollar lost the psychological 300,000 rials support level and retreated to 298,000...
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December 07,2021
The Central Bank of Iran will launch an electronic trade platform to register retail demand for foreign currency, the governor Ali Salehabadi said.
Salehabadi was speaking during a rare tour of...
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October 25,2021
The 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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August 27,2021
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 the middle...
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May 30,2021
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 past week...
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April 24,2021
Foreign exchange rates were down Thursday with the dollar retreating to below 240,000 rials in Tehran's free market.
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April 14,2021
The governor of Central Bank of Iran rejected the IMF’s estimation of Iran’s currency reserve in its latest report published last week.
In a note posted on his social media account, Abdolnasser...
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April 07,2021
Foreign exchange rates rose again on Tuesday with the dollar surging above the critical 250,000 rials level.
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February 28,2021
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...
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February 22,2021
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...
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January 17,2021
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 –...
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December 20,2020
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...
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December 03,2020
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...
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November 17,2020
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...
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November 03,2020
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...
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October 31,2020
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...
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October 30,2020
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...
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October 17,2020
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...
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October 11,2020
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...
January 16,2022Tehran’s currency market opened lower Saturday as fears of further decline sparkled a new bout of selling. After big losses in the recent past, the US dollar relatively stabilized last week...
