Iran Forex Market News

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…

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…

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…

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.

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…

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…

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…

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 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…

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…

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…

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 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. …

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. 

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.  The USD fetched 136,000…

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-…

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…

The Association of Bureaux de Change Operators of Iran has called on members wanting to participate in the regulated foreign exchange market to register. 

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…

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…

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.…

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…

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…

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…

Central Bank of Iran's vice governor said the country's forex situation is currently very strong and believes that fluctuations in foreign exchange rates in Iran's market are normal.