Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal.
Iran Currency News
The Iranian National Tax Administration announced Wednesday that henceforth currency trade will be taxable. In a press release posted on its website, INTA said that the decision is part of the…
The 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…
The Governor of the Central Bank of Iran Ali Salehabadi said access to foreign currency is improving gradually. “CBI’s access to forex resources has improved meaningfully in the present fiscal…
Supply of foreign currency to the regulated wholesale market and the secondary forex market known as Nima increased in the current fiscal year (started March), an official with the Central Bank…
The currency market in Tehran was highly volatile on Saturday, apparently riven by negative political developments that sent forex and gold prices to the highest in past 14 months.
Foreign exchange rates declined in Tehran’s free market on Tuesday, mostly under the influence of positive reports related to the new round of Iran’s nuclear talks in Vienna. Eghtesadnews…
Exchange shops affiliated to banks priced foreign currencies considerably lower on Sunday but free market rates were slightly higher. Melli Exchange of Bank Melli Iran sold the dollar at 264,…
The Central Bank of Iran has ordered moneychangers to stop selling cheaper currency to people with unspecified needs. It said the regulator will continue allocating forex for 25 services,…
The government has delayed the plan to eliminate forex subsidies for basic goods, the Economy Minister Ehsan Khandouzi said.
Export companies sold $18.1 billion in foreign currency in the secondary foreign exchange market, known locally as Nima, in the eight months (March 21-Nov.20). The amount was $10.7…
The US dollar gained 1.6% or 4,700 rials and was traded at 290,030 rials in Tehran’s open market on Wednesday, the highest since March. Bank-affiliated moneychangers sold demanded 271,540 rials…
Foreign exchange rates continued to rise Tuesday in Tehran’s open market extending an ascending order that started on Saturday. The dollar was choppy reaching above 286,000 rials early in the…
Foreign currencies stumbled on Monday for the second straight session in Tehran’s unofficial market after a two-week rally. The dollar was down 1.25% or 3,500 rials for the day to settle…
The Governor of Central Bank of Iran Ali Salehabadi has expressed hope that increase in forex revenue would help control volatility in the currency market. Salehabadi said the regulator will…
While currency market observers had expected a pause in the volatile currency market after a weeklong rally, forex rates continued to climb at the beginning of the trading week on Saturday.…
The dollar reached 284,240 rials on Thursday in Tehran’s open market, the highest rate since the beginning of the calendar year in March 2021.
Forex and gold prices climbed on Wednesday extending the upward trajectory that started on Saturday. The dollar closed slightly above 283,000 rials in Tehran’s open market,…
The government's plan to eliminate forex subsidies will not be implemented this month despite insistence from several quarters.
The Majlis Research Center scrutinized the policy of “curbing exchange rates” adopted by successive governments and concluded that it has harmed the economy in more ways than one.
The dollar bucked the declining trend on Wednesday after falling below the psychological support level of 270,000 rials a session before. Trade under the support level was short-lived as rates…
Forex and gold prices continued to decline in Tehran market on Tuesday. The dollar was sold at 271,200 rials during the day posting 1.37% or 3,700 rials decline compared to Monday's close. It…
The Central Bank of Iran says it has plans to further increase the repatriation of foreign currency by exporters, noting that it is not too concerned about meeting forex demand. "The integrated…
After almost a month of relative stability, foreign exchange rates jumped Wednesday in Tehran’s open market. The dollar crossed the psychological 280,000-rial level gaining 2% or 6,000 rials,…
The government’s plans to end subsidized currency for importing basic goods will expose companies to increasingly higher working capital needs. Head of the Agriculture Commission of Tehran…
