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Central Bank of Iran Seeks Forex Stability

EghtesadOnline: The Central Bank of Iran released a statement assuring the public and businesses that the recent price surge in the open market is bound to abate, as CBI seeks to deepen the market with more supply.
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Publish Date:13/August/2018 | 04:33

Further Hike in Unified USD Rate

EghtesadOnline: The Central Bank of Iran has increased the US dollar's exchange rate for the fourth time since it unified the rate on April 9.
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Publish Date:27/May/2018 | 24:05

Seif: 5-6% Flexibility in USD Rate Until March

EghtesadOnline: Governor of the Central Bank of Iran said the exchange rates of the US dollar, which were unified at 42,000 rials last month, will not remain fixed and change 5-6% until the end of the current fiscal year on March 20, 2019.
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Publish Date:21/May/2018 | 06:04

Gold Prices Tumble, Trade Halted

EghtesadOnline: Following news that the US dollar rate has been unified at 42,000 rials, gold prices also went into freefall, although the head of Tehran Gold and Jewelry Union declared that gold coin trade has been halted.
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Publish Date:11/April/2018 | 05:27

Tehran Market: Forex Bull Run Rages On

EghtesadOnline: Foreign exchange rates continued to surge in Tehran's market amid confusion about the causes of the rally, as both Economy Minister Masoud Karbasian and Governor of the Central Bank of Iran Valiollah Seif are set to appear before lawmakers to explain the situation.
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Publish Date:09/April/2018 | 04:51

Iran Parliament Mulls Forex Rescue Package

EghtesadOnline: With the US dollar's exchange rate remaining above the psychological threshold of 50,000 rials in Tehran's market, lawmakers frustrated with the performance of the Central Bank of Iran in managing the volatility are considering a roadmap of their own to restore calm to the market.
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Publish Date:08/April/2018 | 09:13

Gov’t Think Tank: Overvalued Currency Counterproductive

EghtesadOnline: Institute for Trade Studies and Research, the think tank of the Ministry of Industries, Mining and Trade, concluded in a recent report that longstanding policies practiced by consecutive governments aimed at helping lower-class groups are having the opposite effect.
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Publish Date:07/April/2018 | 04:13

Forex Rates Rebound in Tehran Market as CBI Increases Rate

EghtesadOnline: Both foreign exchange and gold markets on Monday kicked off their rallies after days of relative calm, with major foreign exchange rates registering significant gains against Iran's national currency.
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Publish Date:13/March/2018 | 06:32

Rial Gaining Ground in Tehran Market

EghtesadOnline: Rial continued its gain against the US dollar in Tehran's foreign exchange market, as the Central Bank of Iran pushed through with its rescue package to stabilize the currency that had lost a quarter of its value within six months.
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Publish Date:25/February/2018 | 07:19

Tehran Currency Market: USD Bearish as CBI Measures Sink In

EghtesadOnline: After weeks of wild rallying, the US dollar has lost its bullish momentum in Tehran's foreign exchange market as the Central Bank of Iran's rescue package appealed to investors anxious about a slide in the value of rial.
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Publish Date:21/February/2018 | 24:37

Forex Rates Tumble

EghtesadOnline: The Central Bank of Iran’s measures, namely to issue certificates of deposit and launch the presale of gold coins, from Saturday seem to have had an impact on Tehran’s market as the rate of the US dollar experienced a 1% decline to reach 46,800 rials.
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Publish Date:18/February/2018 | 08:09

Tehran Market: US Dollar Scales New Heights

EghtesadOnline: The US dollar hit new highs against the rial on Monday, as the foreign exchange market continued to surprise investors and policymakers who are struggling to accept record forex rates as the new normal.
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Publish Date:13/February/2018 | 07:43

Forex Rally’s Impact on Housing Sector Limited

EghtesadOnline: A housing official has ruled out any immediate impact of the ongoing rally in the foreign exchange market on home prices but says that in the medium term, a weaker rial would make the housing market bullish.
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Publish Date:06/February/2018 | 07:41

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

Greenback Loses Momentum

EghtesadOnline: After surging against the rial in early trade, the greenback lost momentum on Monday in what would be a win for the Central Bank of Iran’s policy of preventing the further depreciation of rial.
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Publish Date:30/January/2018 | 15:08

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

Forex Rate Unification in Iran Put Off by Bullish Dollar

EghtesadOnline: With too many irons in the fire, the government and the Central Bank of Iran do not seem to be in the mood for making tough decisions, especially in the foreign exchange market.
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Publish Date:31/December/2017 | 10:40

Gold, Currencies Up in Tehran Market

EghtesadOnline: Experiencing rather uneventful days, both the currency and gold markets registered small rallies on Tuesday to nullify (for the time being) promises made by the government and the Central Bank of Iran that the gold coin price and the US dollar’s exchange rate will moderate in the coming days.
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Publish Date:20/December/2017 | 07:15

CBI Governor: USD Rate to Moderate

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif tamped down worries about the surging exchange rate for the US dollar on Tuesday, stressing that the surging exchange rate for the US dollar is bound to "moderate".
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Publish Date:13/December/2017 | 24:44