Money put into the currency market yielded lower returns during the first nine months (March 20-Jan 20) of the current fiscal year compared to returns on investment in parallel markets.
Iran Currency News
Exchange 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…
A 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…
Governor of the Central Bank of Iran says the bank has had at its disposal few policy options to address problems that have plagued the economy for years and came to the surface after the US…
The total value of trade in Iran’s stock market registered a year-on-year growth of 118.5% during the first eight months of the current fiscal year, yielding the highest return compared to other…
With 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…
Companies exporting non-oil goods that fail to meet their financial commitments regarding repatriation of their overseas earnings in the previous Iranian fiscal year (March 2018-19) by the end…
Gold and currency prices fell in domestic market at the start of the week on Saturday as Tehran market began responding to de-escalation of political and military tensions in the region. …
Currency 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.…
Foreign 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…
Intervention of central banks in currency markets does not happen only in Iran, says a former head of Tehran Stock Exchange.
The Majlis Joint Commission has approved a proposal calling for exempting exporters of technical and engineering services and agricultural goods from currency repatriation rules. This was…
Petrochemical companies provided 20% of the foreign currency needed for importing goods in the past Iranian year, the Central Bank of Iran governor said. "Nearly $29 billion was needed for…
Central Bank of Iran’s conditions on non-oil exporters to repatriate their currency earnings has been criticized yet again by exporting countries after they reportedly received export ban…
A 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…
The rial regained some lost territory against the US dollar on Wednesday after the Central Bank of Iran intervened through its affiliated moneychangers. CBI’s role was…
Responding to the new chaos in the currency market, the Governor of Central Bank of Iran Abdolnasser Hemmati blamed it on developments unfolding in the political, social and economic arena.…
The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials in Tehran’s open market -- the highest in the past five months.
Major currencies hit six-month highs on Thursday as the US dollar was heading toward the resistance level of 130,000 rials. The greenback climbed above 128,000 rials for the day and was traded…
Despite persistent calls by economic experts and academia on the government to scrap subsidized currency allocations, it appears that the controversial forex policy to pay for importing basic…
Price of the US dollar rose 2.45%, or 2,950 rials, on Tuesday to reach 123,480 rials in the Tehran market. Each euro was worth 135,440 rials, registering 1.79% or 2,440-rial growth compared to…
Except for brief volatility in the first weeks of the new fiscal year (started March 2019), the currency market has seen relatively stability throughout the year. The Central Bank of Iran…
Since the beginning of the current fiscal year (March 20), more than €10.6 billion earned from exporting non-oil goods has been sold through the Central Bank of Iran's secondary forex market,…
The US dollar declined by 1.45% on Tuesday in Tehran ands was worth 119,990 rials. On Saturday the greenback had climbed above the psychological level of 120,000 rials in Tehran’s open market,…
The foreign exchange market in Tehran was in turmoil on Saturday amid investors' pessimism over the prospect of another burst in prices, namely currency prices, after the implementation of…
