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Another Low for Iran’s Currency

EghtesadOnline: The US dollar broke above the 47,000-rial threshold by Saturday’s market close to signal yet another weakening of the Iranian currency.
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Publish Date:04/February/2018 | 07:06

Forex Uptrend Bullish in Tehran Market

EghtesadOnline: Iran's foreign exchange market on Saturday witnessed a rise in the rates of all major currencies against rial, the national currency.
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Publish Date:21/January/2018 | 08:43

US Dollar Close to All-Time High

EghtesadOnline: The US dollar rose close to its highest registered value against the rial on Monday, as the Iranian currency also lost against a slew of other major currencies.
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Publish Date:14/November/2017 | 07:22

Steel Exporters Welcome Rial Depreciation

EghtesadOnline: It’s a fairly straightforward scenario. Weakening a domestic currency stimulates the country’s exports and makes imports more expensive—a desirable route to shape an export-oriented economy taken by many export powerhouses such as China.
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Publish Date:25/September/2017 | 24:20

IMF: Early Forex Rate Unification Possible in Iran

EghtesadOnline: The International Monetary Fund is optimistic that Iran can unify its dual foreign exchange rates in 2017-18 despite recent challenges facing the country, such as currency market volatility.
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Publish Date:12/March/2017 | 06:07

CBI Says Currency Fears Are Over

EghtesadOnline: The Central Bank of Iran has managed to control foreign exchange rates and promote a relative stability in the forex market despite a turbulent season that saw the rial drop to historic lows against the dollar, the bank's deputy for economic affairs said.
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Publish Date:20/February/2017 | 15:50

Iran can become next major Bitcoin market by stopping to use USD

EghtesadOnline: Following the recent problems occurred after US President Donald Trump has taken office and the CBI’s fresh policy to stop using US dollar, Iran can become the next major Bitcoin market, the British website ‘Coin Telegraph’ reported.
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Publish Date:13/February/2017 | 08:33

Iran to Ditch US Dollar in Official Reports

EghtesadOnline: Iran will stop using the US dollar as its currency of choice in its financial and foreign exchange reports from the new fiscal year that begins in March, announced the governor of the Central Bank of Iran late Saturday.
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Publish Date:30/January/2017 | 06:07

Rouhani pledges to reverse slide of Iran's currency

EghtesadOnline: President Hassan Rouhani sought to reassure Iranians on Sunday that the government would work to protect market stability after the country's currency fell to a record low last week.
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Publish Date:02/January/2017 | 07:47

Rial Strengthens to 39,500 Per USD

EghtesadOnline: The unification of Iran's dual foreign exchange regime and the decline in the exchange rate of major currencies were among the most important topics discussed at Saturday's meeting between top economic officials and senior lawmakers, as rial continues to gain against the US dollar, announced the chairman of Majlis Economic Commission.
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Publish Date:01/January/2017 | 05:42