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October 11,2020
Coming on the heels of the chaotic forex market, gold prices shot up in Iran on Sunday as the Emami gold reached 161 million rials, rising 5.5 million rials or 3.41% in one day.
It was the...
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October 06,2020
Unabated rallies in currency rates propelled exchange shops affiliated to the Central Bank of Iran to push rates to unprecedented levels on Tuesday.
The dollar climbed 10,000 rials to 292,000...
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October 04,2020
Major currencies moved further from record highs reached last week and declined Sunday both in Tehran’s free market and official exchange-bureaus affiliated to the Central Bank of Iran.
The US...
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October 02,2020
The US dollar rose again in Tehran’s free market at the close of trading week on Thursday, moving incessantly toward 300,000 rials.
Having touched a milestone, the greenback declined slightly...
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September 28,2020
Foreign exchange rates made significant gains on Monday despite efforts by the Central Bank of Iran to meet demand through the secondary market.
The US dollar rose 1.5% or 4,400 rials to 294,000...
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September 27,2020
Forex rates in Tehran were rather stable on Sunday compared to the past several weeks as traders exercised extra caution due to the Central Bank of Iran’s presence in the market.
According to...
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September 25,2020
The national currency plunged to new lows on Wednesday as the dollar advanced to new record high. The greenback broke past the critical 280,000-rial level for the day in Iran’s open market and was...
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September 21,2020
After rising a session earlier, the US dollar lost momentum on Monday and stayed unchanged apparently after political tensions impacting investor sentiments eased.
The greenback was worth 272,500...
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September 20,2020
After a brief lull, currency rates again rallied against the rial on Sunday. The dollar was quoted at 273,000 rials in Tehran’s open market, up 7,000 rials, or 2%.
Keeping pace with the upsurge,...
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September 14,2020
The national currency declined to new lows in the face of a rising dollar on Monday but later recovered partially following intervention by exchange bureaus affiliated to the Central Bank of Iran...
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September 13,2020
Forex rates moved above 260,000 rials on Sunday to extend a rally that has strengthened since the beginning of the previous week.
The dollar made a big leap forward and rose by 5,000 rials, or 2...
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September 12,2020
Building on earlier gains, the US dollar advanced at the start of the trading week on Saturday climbing above the psychological level of 260,000 rials in unofficial currency markets in Iran.
This...
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September 11,2020
Gold coin prices jumped above the all-time high of 120 million rials on Thursday as demand for the metal and foreign exchange rates soared again.
Emami gold coin briefly broke past the...
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September 09,2020
The Central Bank of Iran on Wednesday temporarily suspended allocation of $2,200 or equivalent in foreign currency at relatively less rates to the people after price arbitrage with the free market...
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September 08,2020
Foreign exchange rates gained against the rial in Tehran’s unofficial market Tuesday amid rising demand and despite large-scale forex injection by exchange bureaus affiliated to Central Bank of...
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September 01,2020
Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in Tehran’s open market compared to prices quoted Thursday.
The greenback was traded...
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August 17,2020
The US dollar gained 3% against the national currency in Tehran’s free market and was sold for 230,000 rials on Monday after vacillating between 220,000-224,000 rials for two weeks.
The greenback...
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August 14,2020
The Iranian National Tax Administration announced tax brackets on buyers of gold coins in the last fiscal year (March 2019-20).
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August 10,2020
After a short-lived downturn a day earlier, major currencies climbed again on Monday with the dollar drawing closer to 220,000 rials at the end of trading session.
After losing close to 9% and...
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August 09,2020
The US dollar dropped by 21,000 rials on Sunday, losing close to 9% against the rial. The decline soon extended to bullion market, causing gold prices to fall about 10%.
The greenback was traded...
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August 05,2020
Gold coins recorded further increase on Wednesday with another 2.8% growth in prices compared to the previous day's close.
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August 01,2020
Major currencies closed Saturday’s session unchanged while in the bullion market prices slipped after the gold coin peaked to new highs on Thursday.
Hitting a historic high of 113.6 million rials...
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July 28,2020
Gold coin prices faltered on Tuesday in the domestic market after reaching to the all-time high a session earlier.
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July 26,2020
Governor of the Central Bank of Iran Abdolnasser Hemmati has called on President Hassan Rouhani to incentivize exporters who have fulfilled their commitment to repatriate their overseas revenues...
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July 25,2020
Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in check for a few sessions largely due to the intervention of the Central Bank of Iran...