برچسب Iran rial

Iran’s top officials meet to discuss rial depreciation

The heads of three power branches of the Iranian government held a meeting on Saturday evening to discuss the recent hike in the prices of foreign currencies against the local Iranian currency, the rial.
|
Publish Date:05/January/2025 | 09:53

Packaging Industry Facing Shortage of Raw Materials

EghtesadOnline: A near fivefold rise in packing paper exports, thanks to the surge in foreign currency rates against the Iranian rial and the prices of recycled paper, has led to the shortage of raw materials needed for the production of cardboard boxes.
|
Publish Date:17/October/2018 | 06:14

Iran, Russia Dealing in Local Currencies, Euro

EghtesadOnline: Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce said.
|
Publish Date:03/June/2018 | 04:45

Travel Insurance Up 20-25%

EghtesadOnline: Premium rates on travel insurance have increased by as much as 25% on the back of a recent slide in rial’s value against the dollar.
|
Publish Date:23/May/2018 | 09:51

180 People Arrested Over Forex-Related Offences

EghtesadOnline: Tehran Prosecutor Abbas Jafari Dolatabadi said the judiciary has arrested 180 people on charges of violating forex regulations that were tightened recently to contain a sharp decline in rial’s value.
|
Publish Date:15/May/2018 | 10:17

Iran Ditches US Dollar for Euro in Financial Reports

EghtesadOnline: President Hassan Rouhani's administration on Wednesday officially discarded the US dollar as its currency of choice for financial reporting and opted for the euro.
|
Publish Date:21/April/2018 | 11:40

Passing Judgment on Forex Decision Premature

EghtesadOnline: It is too soon to pass judgment on the administration’s decision to fix the US dollar’s exchange rate at 42,000 rials, the deputy economy minister for banking and insurance said.
|
Publish Date:21/April/2018 | 11:15

Gold Coin Drops in Tehran After New Forex Measures

EghtesadOnline: When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined.
|
Publish Date:15/April/2018 | 10:03

Seif: Unified USD Rate Not Fixed

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif said the drastic decision by the government to unify the US dollar’s rate does not mean that a fixed exchange rate system would be at work, as the rate would “fluctuate with market mechanisms”.
|
Publish Date:15/April/2018 | 09:58

Iran Parliament Briefed on Unified Forex Rates

EghtesadOnline: The Central Bank of Iran's Governor Valiollah Seif answered heated questions during an appearance in the latest open session of the parliament after the government announced late Monday that it has unified foreign exchange rates and the US dollar will be offered to all at 42,000 rials in response to the worst currency crisis hitting the country in more than five years.
|
Publish Date:11/April/2018 | 05:30

FX, Gold Markets Still Bullish in Tehran Market

EghtesadOnline: Most foreign currencies continued to gain against the rial on Wednesday in a rally that started from the early days of the current Iranian year that began on March 21. According to Fars News Agency, the rial was traded for 50,500 to the US dollar. Rial was also quoted at 61,800 to the euro in the unofficial market.
|
Publish Date:08/April/2018 | 08:02

Iran Currency Market Gearing Toward Euro

EghtesadOnline: The ban imposed by the Industries Ministry on import orders based on US currency seems to be a win for the European currency.
|
Publish Date:13/March/2018 | 09:03

Iran Targets Currency Exchanges Amid Efforts to Halt Rial Slide

EghtesadOnline: Iranian police clamped down on foreign-exchange offices while the central bank introduced new measures to encourage bank deposits, as a depreciation of the rial threatens to push up prices at a time of growing discontent.
|
Publish Date:15/February/2018 | 14:40

Tehran Currency Market: Forex Rates Rally Once Again

EghtesadOnline: Tehran’s foreign exchange market on Wednesday heated up again, as the rial weakened 1.1% and was quoted at 46,190 against the dollar. The greenback had backtracked slightly earlier this week, dipping below the 45,000-rial threshold, Tehran Gold and Jewelry Union’s website reported.
|
Publish Date:03/February/2018 | 11:42

USD, Gold Gain

EghtesadOnline: The US dollar made new gains against the rial on Wednesday, but stopped short of crossing another psychological barrier.
|
Publish Date:21/January/2018 | 09:06

US Dollar Bullish Again

EghtesadOnline: The US dollar gained against the rial on Wednesday to reach its highest value in Tehran’s foreign exchange market in almost a year.
|
Publish Date:13/December/2017 | 13:47

Tehran Currency Market Heats Up

EghtesadOnline: The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.
|
Publish Date:13/December/2017 | 13:17

Euro, USD Continue Rally

EghtesadOnline: The two high-demand currencies, namely euro and dollar, continued their rallies on Monday to register record highs against the rial.
|
Publish Date:13/December/2017 | 13:11

Tehran Chamber of Commerce Doubles Down on Sound Forex Policies

EghtesadOnline: By keeping the rial overvalued, the administration is in fact subsidizing foreign imports at the expense of domestic production, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture said, while criticizing the government’s foreign exchange policy again.
|
Publish Date:25/November/2017 | 13:16

Iran's Central Bank Expanding Use of Rial in Foreign Trade

EghtesadOnline: In line with plans to eliminate the US dollar in Iran's foreign trade by clinching monetary agreements, the Central Bank of Iran is pursuing the policy of expanding the role of Iranian currency in the basket of its major trade partners, the head of CBI's Exports Department said.
|
Publish Date:11/November/2017 | 10:33