Iran Forex Market News
August 04, 2019 20:05
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August 04,2019State-owned Bank Maskan, the main lender in the housing sector, is to join the regulated forex market, head of the bank’s department for international affairs said Sunday. As a member of the new... -
July 29,2019Head of the company that will oversee the regulated forex market says the new market will open with the participation of 100 plus money changers. -
July 28,2019The regulated foreign exchange market will be launched on August 12 to coincide with the annual feast of Eid al-Adha (Eid- e- Qorban in Iran), the governor of the Central Bank of Iran said Saturday... -
July 19,2019Currency rates in Tehran briefly hit six-month lows since January 9 as the US dollar was traded for 111,000 rials during the mid-day trade in the open forex market on Wednesday. Varying rates... -
July 16,2019Currency rates in Tehran have been of the descending order over the past two weeks amid noticeable decline in demand and visible efforts by the Central Bank of Iran to boost the rial. The... -
July 14,2019Currency rates continued on the downward path in Tehran on Sunday as the Central Bank of Iran mobilizes its resources to plug the gap between rates in the open market and secondary market. Since... -
July 05,2019The foreign exchange rate in Integrated Forex Deals System (Persian acronym for Nima) has been hiked in recent months to come closer to the rates quoted on the Sana website that reports the average... -
July 01,2019The foreign exchange rate in Tehran has been on a declining trajectory since the beginning of the Iranian week on Saturday, amid a noticeable decrease in demand for foreign currency. Each US... -
June 23,2019Governor of the Central Bank of Iran says a new trade monitoring system is in the offing to complement the Integrated Forex Deals System (known by its Persian acronym Nima). Nima is a platform... -
June 21,2019Following hikes in forex rates in the Integrated Forex Deals System, known by its Persian acronym Nima, Iranian exporters repatriated more overseas earnings to the country. Nima is the platform... -
June 18,2019The High Council of the Economic Coordination will convenes on Thursday to decide the fate of the highly controversial subsidized forex policy for importing essential goods, said an official... -
June 16,2019The company overseeing the soon-to-be launched regulated foreign exchange market cut the membership fees for exchange bureaus from the previously announced 1 billion rials ($7,700) to 250 million... -
June 14,2019The currency market, seemingly in calm waters for almost two weeks, shot up Thursday triggered by negative political developments. The US dollar rose 4% in the open market and was sold for 136,... -
June 14,2019The company overseeing the soon-to-be-launched regulated forex market held a meeting Wednesday to brief exchange bureaus on the role, functions and responsibilities of the new market. The meeting... -
June 10,2019The Association of Bureaux de Change Operators of Iran will hold a briefing on Wednesday for members of the regulated foreign exchange market scheduled to be launched in the near future. In an... -
May 29,2019The parliament plans to investigate the foreign exchange policy of the Central Bank of Iran during the last fiscal year that ended in March, says head of the Majlis Economic Commission. ... -
May 29,2019Currency rates continued to descend in markets across the country on Wednesday as businesses took some relief from weeks of political bickering in the region. -
May 28,2019The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has again urged the government to scrap the controversial subsidized currency policy and focus on creating the long-delayed... -
May 25,2019In the fiscal month to May 22, almost €2.16 billion in foreign currency was sold via the Integrated Forex Deals System, locally known as Nima, IRNA reported. In the same period currency rates in... -
May 24,2019The Association of Bureaux de Change Operators of Iran has called on members wanting to participate in the regulated foreign exchange market to register. Set up with the aim of stabilizing the... -
May 22,2019The Securities and Exchange Organization is planning to launch foreign exchange futures contracts after a reference price for foreign currency is discovered in the soon-to-be launched regulated... -
May 21,2019The regulated foreign exchange market can and should help in stabilizing foreign exchange rates and in the process eliminate rent-seeking and corruption because trade will be conducted in an open... -
February 20,2019President Hassan Rouhani's chief of staff has denied recent claims by selected news outlets that the government for politically motives intentionally allows increase in foreign exchange rates. "... -
August 04,2018The Central Bank of Iran has established an exclusive online system to allocate foreign currencies at cheap government rates to innovative and knowledge-based firms in collaboration with the... -
August 04,2018First Vice President Es'haq Jahangiri announced that the new foreign exchange plan, which is intended to address the recent volatility in the currency market, has been approved by the High Economic...
