Currency - page 6

EghtesadOnline: F oreign exchange rates are of the declining order in the final days of November thanks to a stronger presence of the Central Bank of Iran in the market and optimism that Iran will continue to sell its oil despite earlier speculations.

EghtesadOnline: Currency and gold markets in Iran registered one of their biggest weekly declines in recent months despite the re-sanctioning of wide sectors of the economy by the Trump White House.

EghtesadOnline: The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other major currencies as they gained considerably against the plummeting rial. The dollar was traded for 156,790 rials in Tehran’s open market, another "super-resistance" level to be broken since the rial's freefall began six months ago.

EghtesadOnline: The currency and gold coin markets heated up again on Sunday, keeping up a rally that started from the beginning of the trading week on Saturday.

EghtesadOnline: Rial rebounded on Sunday, in anticipation of Central Bank of Iran Governor Abdolnasser Hemmati's announcement of the new plan to calm forex market volatility that has seen Iranian currency sink to a series of record lows.

EghtesadOnline: T he government is committed to meeting all hard currency needs, including the ones that exceed the current caps devised in the wake of the foreign exchange rate unification implemented last month, Government Spokesman Mohammad Baqer Nobakht said on Sunday.

EghtesadOnline: T ehran stocks’ attraction is further dissipating, as the debt and foreign exchange markets take centre-stage and new political risks sour equity traders’ sentiment.

EghtesadOnline: T he US dollar's bull run in Tehran's foreign exchange market continues unabated, with rial plumbing new lows against the greenback.

EghtesadOnline: T he rial continued to drop to record lows against the US dollar on Sunday, ending a short spell of stability that held for only a few days after the government assured the public that volatility in the foreign exchange market was temporary.