Iran Forex Market News
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May 17,2023Mohammad Reza Farzin, the governor of the Central Bank of Iran, announced the formation of a special committee at the CBI to look into delays in the repatriation of foreign exchange revenue by... -
May 12,2023Mohammad Reza Farzin, the Governor of the Central Bank of Iran, said the CBI has started buying and selling currencies directly, to help accelerate the process of currency allocation. In a...
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April 03,2023The Central Bank of Iran said moneychangers and banks can henceforth sell currency only up to €2,000 to each Iranian in one year, lowering the cap from €5,000. Last month the CBI said selected...
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March 05,2023The Central Bank of Iran said it has allowed all authorized moneychangers to buy the export income of mining and petrochemical companies, the secretary of the Iran Exchange Bureaus’ Association...
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March 01,2023Fluctuations in the value of foreign exchange rates [against rial] have once again unsettled economic players, leading some economists to warn against the dollarization of Iran’s economy. The...
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February 25,2023First Vice-President Abbas Mokhber, Economy Minister Ehsan Khandouzi and the Governor of the Central Bank of Iran Mohammad Reza Farzin went to the Majlis on Saturday to brief lawmakers on the state...
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February 20,2023The Central Bank of Iran officially unveiled the Currency and Gold Trade Center apparently in the latest bid to control forex and gold prices that have jumped to levels unseen in the history of the...
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February 19,2023With forex rates at historic highs, the Central Bank of Iran says it has new plans for “managing currency rates”. "The CBI has new plans in accord with the forex market's current conditions. What...
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December 24,2022The Central Bank of Iran said it has raised the ceiling for the amount of local currency local residents and foreigners can hold when leaving and entering the country to 50 million rials (around $...
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December 17,2022The Central Bank of Iran is making concerted efforts to stabilize the chaotic forex market amid the steep decline in the national currency, the bank governor said. “We have set up a joint...
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November 30,2022Forex reserves are in a relatively better shape and supply to the secondary currency market, known as Nima, has improved considerably, the governor of the Central Bank of Iran said. “We expect...
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November 15,2022The Central Bank of Iran will issue foreign currency bonds starting Saturday as a part of its plan to stabilize the chaotic forex market. Forex will be offered at the state-owned Bank Melli, the...
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November 09,2022Governor of the Central Bank of Iran, Ali Salehabadi, says the bank has enough resources and tools to stabilize currency and gold prices that have rocketed to unprecedented high in the past several...
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November 07,2022The recent hike in currency prices in the domestic market is largely due to inflationary expectations, which in and of itself has more reasons than one. “US mid-term elections will be held on...
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November 06,2022The Central Bank of Iran on Sunday said selected banks have been allowed to sell foreign currency at negotiated rates in line with new measures to help tame the high and rising forex market. It...
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November 04,2022The Central Bank of Iran has given permission to exchange shops to buy and sell foreign currency online through the website of the Iran Currency Exchange (ICE). CBI Governor Ali Salehabadi said...
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November 02,2022Currency prices shot up Wednesday in Tehran's open market with the US dollar at an all-time high. The greenback was quoted at 344,400 rials on Wednesday, up 2.96% or 10,200 rials, Eghtesadnews...
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October 29,2022Close to 300 exchange bureaus have started publishing their buy/sell and supply/demand data live on the regulated market website, the governor of the Central Bank of Iran said. “After exporters...
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October 28,2022Forex trade at negotiated rates amounted to $700 million since June when the Central Bank of Iran allowed moneychangers to purchase currency from exporters at “agreed prices”. Mehdi Hadinejad,...
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October 01,2022Demand for subsidized foreign currency declined by almost $2 billion since the end of the subsidized forex policy six months ago, compared with the same period last year, the spokesman of the...
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September 13,2022Currency rates made significant gains against the rial on Tuesday triggering fresh demand in the domestic gold market. The US dollar crossed the resistance level of 310,000 rials to buy 314,000...
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September 04,2022Forex rates opened trading week Saturday higher amid increasing uncertainty about the future of the market. Gold followed suit. The US dollar briefly inched above the critical 300-000-rials in...
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August 27,2022Foreign currencies' prices increased on Thursday and Friday in Tehran's open market. According to Eghtesadnews website, each US dollar was sold at 295,000 rials on Thursday, up 2.03% or 6,000...
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August 22,2022Forex and gold prices posted significant growth in Tehran Monday, after continuous declines for two weeks. The US dollar gained 1.55% during the day in Tehran's open market and was traded at 294,...
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August 14,2022The rial gained more ground as most foreign exchange rates continued to retreat at Tehran’s unofficial market on Sunday. The US dollar was down almost 2.3% and was quoted at 301,700 rials at the...
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