Mohammad 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…
Iran Forex Market News
Mohammad 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.
The 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…
The 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…
Fluctuations 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.…
First 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…
The 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…
With forex rates at historic highs, the Central Bank of Iran says it has new plans for “managing currency rates”.
The 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…
The 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…
Forex 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…
The 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…
Governor 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…
The 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…
The 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.
The 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).
Currency 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,…
Close 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.
Forex 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,…
Demand 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…
Currency 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…
Forex 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-…
Foreign 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…
Forex 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…
The rial gained more ground as most foreign exchange rates continued to retreat at Tehran’s unofficial market on Sunday.
