Iran Forex Market News
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July 20,2022The Central Bank of Iran cut the “currency quota” for outbound travelers with a visa. Accordingly, authorized exchange bureaus are not allowed to sell more than €500 or equivalent in other... -
July 05,2022The rail pared more past losses on Monday and strengthened against major foreign currencies in Tehran’s unofficial market. A dollar traded at 314,500 rials in the middle of the day, shedding 1.5...
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July 03,2022Foreign currencies slipped in Tehran’s free market on Sunday impacting the bullion market. The dollar was down 2.3% after logging about 7% gain against the rial in three consecutive sessions to...
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July 03,2022Foreign currency rates continued to rise in Tehran’s unofficial market at the beginning of business week on Saturday. The dollar was worth 327,500 rials at the close of the session, posting 2.1%...
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July 02,2022After days on the pause button, forex rates jumped again Thursday along with gold prices in Tehran. The American currency made a big leap in the unofficial market touching 320,500 rials to post 2...
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June 28,2022The national currency pared more past losses on Monday. The US dollar traded almost 10,000 rials lower at 305,000 rials in Tehran’s unofficial market to post more than 3% decline to the day. The...
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June 27,2022The currency market saw declining rates on Sunday as sellers outnumbered buyers in Tehran’s free market. The same was true in the domestic bullion market as the yellow metal was much weaker. The...
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June 26,2022While forex rates advanced at the end of last week, the trend paused on Saturday apparently due to unexpected political developments and cautious optimism. The market was relatively stable in the...
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June 21,2022The Plan and Budget Organization (PBO) has defended the government’s decision to end its forex subsidy policy basic imports. In a statement released Monday the PBO responded to a group of 61...
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June 19,2022The domestic gold market saw big gains at the beginning of trading week on Saturday amid rising currency rates. The popular Emami gold coin jumped more than 4.7% or 7.5 million rials in one day...
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June 18,2022After allowing non-oil exporters to sell their foreign currency at “negotiated rates” earlier in the week, the Central Bank of Iran extended the move to other forex sellers. In a bylaw to...
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June 15,2022The rial compensated some of the earlier loss on Tuesday as foreign currencies dipped dragging down prices in the domestic gold market. The US dollar retreated to 324,000 rials in Tehran’s free...
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June 14,2022The Central Bank of Iran said it is undertaking efforts to improve forex supply in the volatile market by encouraging non-oil export companies to increase their currency sale. Following a meeting...
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June 12,2022The Central Bank of Iran says it is committed to boost the supply side in the currency market. After crossing the record high a session before, forex rates notched another gain on Sunday...
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June 12,2022Foreign exchange rates hit a new record in Tehran’s unofficial market on Saturday. The US dollar crossed the historic level of 320,000 rials and jumped to 327,500 rials, registering 1.5% rise on...
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June 10,2022The US dollar crossed the record high of 320,000 rials on Thursday in Tehran’s open market and closed at 322,500. The price was 1.2% or 4,000 rials higher from the earlier session on Wednesday...
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June 09,2022Forex rates pulled back on Wednesday after reaching all-time highs a session before in Tehran’s unofficial market. The US dollar was quoted at 318,500 rials at the close of the day down 0.3% on...
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June 08,2022After a brief hiatus on Monday, forex rates climbed again on Tuesday in Tehran’s unofficial market. The US dollar drew closer to 320,000 rials at midday and was traded at 319,500 rials, more...
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June 01,2022Logging daily gains since last week the US dollar crossed the critical 310,000-rial level on Monday in the open market and closed at 311,000 rials, rising more than 3%. America’s currency soared...
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May 18,2022The Iranian National Tax Administration (INTA) said foreign currency dealers must also pay tax if they trade outside the purview of official exchange bureaus and banks. In a notice posted on its...
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May 16,2022The Central Bank of Iran says the supply of currency for imports outpaced damned over the past three weeks. “Forex resources are enough to fully cover imports as well as [needs of] the people,”...
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May 13,2022The Governor of Central Bank of Iran Ali Salehabadi says the government’s move to pay new cash subsidies would have little impact on money supply with no significant inflationary consequences. In...
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May 13,2022Forex rates hit new highs at Tehran’s unofficial currency market on Wednesday carrying with it the bullion market. The US dollar briefly touched the psychological 300,000 rials in the middle of...
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May 10,2022Foreign currencies posted considerable growth in Tehran’s free market with the US dollar quoted at 291,800 rials on Tuesday. According to Esghtesadnews.com, the dollar crossed the psychological...
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May 08,2022Government policy of giving billions in subsidized currency for importing basic goods must be blamed for the exploding monetary base and rampant inflation, a senior official at the Central Bank of...
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