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July 29,2019
Head 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 28,2019
The 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 19,2019
Currency 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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July 16,2019
Currency rates in Tehran have been of the descending order over the past two weeks amid noticeable decline in demand and visible efforts by the Central Bank of Iran to boost the rial.
The...
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July 14,2019
Currency rates continued on the downward path in Tehran on Sunday as the Central Bank of Iran mobilizes its resources to plug the gap between rates in the open market and secondary market.
Since...
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July 05,2019
The foreign exchange rate in Integrated Forex Deals System (Persian acronym for Nima) has been hiked in recent months to come closer to the rates quoted on the Sana website that reports the average...
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July 01,2019
The foreign exchange rate in Tehran has been on a declining trajectory since the beginning of the Iranian week on Saturday, amid a noticeable decrease in demand for foreign currency.
Each US...
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June 23,2019
Governor of the Central Bank of Iran says a new trade monitoring system is in the offing to complement the Integrated Forex Deals System (known by its Persian acronym Nima).
Nima is a platform...
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June 21,2019
Following hikes in forex rates in the Integrated Forex Deals System, known by its Persian acronym Nima, Iranian exporters repatriated more overseas earnings to the country.
Nima is the platform...
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June 18,2019
The High Council of the Economic Coordination will convenes on Thursday to decide the fate of the highly controversial subsidized forex policy for importing essential goods, said an official...
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June 16,2019
The company overseeing the soon-to-be launched regulated foreign exchange market cut the membership fees for exchange bureaus from the previously announced 1 billion rials ($7,700) to 250 million...
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June 14,2019
The currency market, seemingly in calm waters for almost two weeks, shot up Thursday triggered by negative political developments.
The US dollar rose 4% in the open market and was sold for 136,...
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June 14,2019
The company overseeing the soon-to-be-launched regulated forex market held a meeting Wednesday to brief exchange bureaus on the role, functions and responsibilities of the new market.
The meeting...
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June 10,2019
The Association of Bureaux de Change Operators of Iran will hold a briefing on Wednesday for members of the regulated foreign exchange market scheduled to be launched in the near future.
In an...
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May 29,2019
Currency rates continued to descend in markets across the country on Wednesday as businesses took some relief from weeks of political bickering in the region.
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May 29,2019
The parliament plans to investigate the foreign exchange policy of the Central Bank of Iran during the last fiscal year that ended in March, says head of the Majlis Economic Commission. ...
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May 28,2019
The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has again urged the government to scrap the controversial subsidized currency policy and focus on creating the long-delayed...
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May 25,2019
In the fiscal month to May 22, almost €2.16 billion in foreign currency was sold via the Integrated Forex Deals System, locally known as Nima, IRNA reported. In the same period currency rates in...
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May 24,2019
The Association of Bureaux de Change Operators of Iran has called on members wanting to participate in the regulated foreign exchange market to register.
Set up with the aim of stabilizing the...
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May 22,2019
The Securities and Exchange Organization is planning to launch foreign exchange futures contracts after a reference price for foreign currency is discovered in the soon-to-be launched regulated...
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May 21,2019
The regulated foreign exchange market can and should help in stabilizing foreign exchange rates and in the process eliminate rent-seeking and corruption because trade will be conducted in an open...
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February 20,2019
President Hassan Rouhani's chief of staff has denied recent claims by selected news outlets that the government for politically motives intentionally allows increase in foreign exchange rates.
"...
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May 07,2018
Iran's foreign exchange and gold markets have witnessed historic rallies in the past few days as May 12 approaches, a date when US President Donald Trump is widely expected to deal a fresh blow to...
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April 09,2018
Rampaging foreign exchange rates have grabbed many headlines in the past few months and especially the past few days, but the ailing housing sector that recently showed signs of coming out of its...
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April 02,2018
As the curtains fell on the previous Iranian year on March 20 and the usual lull in the markets sets in during the ensuing holidays, few expected currency volatility.
However, a few days into the...