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No More Subsidized Currency for Importing Eyed Eggs

EghtesadOnline: The government has discontinued the allocation of subsidized foreign currency for the import of eyed eggs, the head of Iran Fisheries Organization said.
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Publish Date:05/February/2020 | 24:10

Iran: No More Subsidized Foreign Currency for Sugar Imports

EghtesadOnline: The government will no longer allocate subsidized foreign currency for sugar import, as per the letter forwarded to the Central Bank of Iran by the Ministry of Industries, Mining and Trade.
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Publish Date:02/February/2020 | 24:29

CBI Chief Downplays Swiss Payment Mechanism

EghtesadOnline: The Central Bank of Iran has made available $4 billion in foreign currency to importers of medicine and medical equipment in the last ten months.
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Publish Date:05/February/2020 | 11:49

Iran Currency Market: FX Rates Surge Amid Rising Demand

EghtesadOnline: Currency rates surged in the open market in Iran following more than two weeks of bear market after demand for foreign currency rose amid expectations that the plunging forex rates had hit the bottom.
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Publish Date:24/July/2019 | 10:07

Iran: Forex Dips Amid Low Demand

EghtesadOnline: 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 .
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Publish Date:02/July/2019 | 10:25

Nima Forex Rates Rise

EghtesadOnline: 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 Nima also soared.
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Publish Date:26/May/2019 | 10:26

NDFI to Pay $10 Billion in Forex Loans

EghtesadOnline: The National Development Fund of Iran, the sovereign wealth fund, plans to lend $10 billion in foreign currency for private sector projects in the current fiscal (March 2019-20).
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Publish Date:19/May/2019 | 09:17

Subsidized Forex Policy Dysfunctional

EghtesadOnline: Governor of the Central Bank of Iran says the subsidized foreign currency programs for importing essential goods has failed to achieve the desired results due mainly to the dysfunctional distribution systems.
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Publish Date:10/March/2019 | 13:08

€2.3b NDFI Resources for National Projects

EghtesadOnline: Lawmakers allowed the government on Sunday to withdraw €2.37 billion from the National Development Fund of Iran to be paid in foreign currency for completing national projects in the next fiscal that starts on March 21.
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Publish Date:25/February/2019 | 11:04

Central Bank of Iran Closing Loopholes in Currency Allocation

EghtesadOnline: The Central Bank of Iran is going to launch a mechanism for tracking forex allocated to the import of essential goods to ensure importers fulfill their commitments for which they acquired foreign currency , the CBI governor said.
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Publish Date:19/January/2019 | 24:41

Central Bank Eases Currency Rules for Foreign Trade

EghtesadOnline: The Central Bank of Iran is ready to buy at negotiated rates the foreign currency of exporters whose earnings are blocked in other countries due to the US sanctions, says the CBI deputy chief for foreign exchange affairs.
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Publish Date:16/December/2018 | 13:07

Iran's Central Bank Announces New Rules for Forex Trade

EghtesadOnline: The Central Bank of Iran in a directive on Saturday announced rules and regulations for selling and buying foreign currency of export earnings at authorized exchange bureaus.
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Publish Date:02/December/2018 | 10:32

Iran's CB: New Route to Help Meet Currency Needs

EghtesadOnline: Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says Mehdi Kasraei-Pour, head of CBI's Department for Forex Polices and Regulations.
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Publish Date:01/October/2018 | 05:13

Gold Coin Gains in Tehran Market

EghtesadOnline: The benchmark Bahar Azadi gold coin gained on Tuesday, as both gold and foreign currency markets await greater stability in the wake of the government's rescue package that was unveiled last week.
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Publish Date:15/August/2018 | 04:52

Iran's Secondary Forex Market Rates to Soar

EghtesadOnline: The supply of currency to the Secondary Forex Market will decrease in the coming months, as export gains will fall due to the government’s current approach toward exports and the rising demand for foreign currency will increase the exchange rate, vice minister of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
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Publish Date:22/July/2018 | 05:01

Gov’t Limits Forex Supply to Importers

EghtesadOnline: The government has curbed the allocation of foreign currency for the import of some commodities and appears set to launch a revised currency policy, Mehr News Agency cited an unnamed bank official as saying.
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Publish Date:19/June/2018 | 05:38