Iran Forex Market News
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May 11,2020Currency prices shot up again on Monday in Tehran as bank-affiliated moneychangers tagged the US dollar at 165,000 rials -- the highest in the past 20 months. Cold coin prices also increased by... -
May 10,2020Lawmakers on Sunday voted in favor of modifying laws related to currency and goods smuggling, increasing fines and penalties for those who smuggle foreign currency to and from Iran. They set a...
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April 26,2020A review of the performance of financial markets in the 2019-20 fiscal shows investment in the currency and gold market yielded the lowest returns, and the stock market delivered the highest...
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April 25,2020Foreign currency rates jumped 58.5% in the last calendar month to April 19 in the secondary forex market, known as Nima, compared to the same month last year.
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March 16,2020Exporters of non-oil goods sold €16 billion ($17.8 billion) in their overseas revenues on the secondary foreign exchange market, known as Nima, since the beginning of the current fiscal year that...
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March 10,2020In a report on the controversial policy of the government to subsidize foreign currency for basic imports, the Majlis Research Center said it is ill-advised and a waste of scarce national resources...
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February 26,2020The rial extended a losing streak against major currencies for the third day on Wednesday, pushing the Central Bank of Iran to intervene in the market to restore some semblance of calm. The US...
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February 16,2020Price of the US dollar reached 141,300 rials in Tehran’s open market on Sunday, the highest in the past nine months. The greenback started the ascending order in the past few weeks due mainly to...
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February 12,2020Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial Action Task Force on Feb 21. Moneychangers in Tehran sold the...
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January 25,2020Exchange shops in Tehran on Saturday sold the US dollar at 133,500 rials, which was up 2.7%, or 3,500 rials, compared to previous working day's close. According to the Tehran Gold and Jewelry...
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January 21,2020A list of 150 companies that failed to repatriate their export revenues has been sent to the judiciary, head of Iranian Export Confederation said, noting that the deadline of the Central Bank of...
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January 14,2020With the aim to facilitate trade in the anticipated regulated foreign exchange market, the Central Bank of Iran raised the ceiling of planned daily forex trade fivefold. According to a CBI notice...
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January 07,2020Currency rates again pushed upwards on Tuesday, amid heightened political tensions in the region, but the Central Bank of Iran was quick to announce that there is no need for anxiety. The US...
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January 04,2020Foreign exchange and gold coin prices jumped on Saturday as the trading week opened in an overcast Tehran. Almost all foreign currencies gained against the rial, according to Tehran Gold and...
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December 13,2019A report reviewing the performance of different markets during the first seven months of current fiscal year (March-21-October.22) shows investors reaped higher returns from investment in equities...
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November 15,2019Currency rates in Tehran’s market have been rising since last week after more than three months of relative calm. The US dollar changed hands for about 116,500 rials on Thursday, up 40,000 rials...
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November 01,2019Head of the company that oversees the long-awaited regulated foreign exchange market says the market is ready to start functioning and is awaiting a final go-ahead by the regulator. In response...
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October 16,2019The total value of foreign currencies sold by exporters of non-oil goods at Iran's secondary market amounted to €9.2 billion since the beginning of the current fiscal year (started March 21), €7.86...
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October 09,2019Over the past decade, goods and services in Iran suffered at least two bouts of price shocks following unprecedented volatility in the currency market due to foreign economic sanctions. But...
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September 15,2019The Supreme Council of Economic Coordination extended the authority of the central bank governor, Abdolnasser Hemmati, for one more year to intervene and regulate the foreign exchange market, the...
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September 06,2019A report published by the economic research department of Tehran Chamber of Commerce, Industries, Mines and Agriculture show that the currency market was the worst-performing market in the first...
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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...
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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.
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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...
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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...
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