Iran Forex Market News
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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... -
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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April 19,2022The Economy Minister Ehsan Khandouzi said Tuesday the government is determined to take the first step towards gradually eliminating subsidized currency in this fiscal year. "For sure the...
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April 13,2022The Majlis has passed amendments to rules that government uses to curb forex smuggling, further restricting conditions for trading and holding foreign currencies. The new legislation is an...
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April 12,2022Forex and gold prices increased again in Tehran’s free market on Monday amid renewed diplomatic efforts to revive the landmark Iran nuclear deal. According to Eghtesadnews, the dollar was quoted...
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April 08,2022Forex rates paused on Wednesday after consecutive gains since the beginning of trading week impacting the domestic gold market. The US dollar surged to two-month high and was traded as high as...
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February 21,2022Extending previous losses, forex rates plunged further in Tehran on Sunday following new reports on the progress in the Iran nuclear talks in Vienna. The US dollar was traded at 256,300 rials in...
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February 16,2022Foreign exchange rates in Tehran have moved upward since the beginning of the Iranian week on Saturday after posting successive declines. Extending a three-day rising trend, the US dollar clawed...
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February 09,2022After a string of losses in the beginning of the week, foreign exchange rates dipped further on Tuesday as talks over reviving the Iran nuclear deal resumed. Gold also fell.
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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...
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January 09,2022The 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 07,2022Foreign 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 30,2021Petrochemical 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 28,2021Foreign 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 24,2021The 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 13,2021Foreign 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 07,2021The 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 25,2021The 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 27,2021Foreign 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 30,2021Currencies 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 24,2021Foreign exchange rates were down Thursday with the dollar retreating to below 240,000 rials in Tehran's free market.
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April 14,2021The 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 07,2021Foreign exchange rates rose again on Tuesday with the dollar surging above the critical 250,000 rials level.
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February 28,2021Governor 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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