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Payment Industry Awaiting Currency Allocation

EghtesadOnline: After the unification of the US dollar ’s exchange rate, the payment industry has yet to receive hard currency at the rate of 42,000 rials for importing equipment and hardware.
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Publish Date:15/May/2018 | 09:56

Rial’s Devaluation Makes Room for Stocks Growth

EghtesadOnline: The market capitalization of companies listed on Tehran's two stock exchanges has dropped by about 33% in US dollar terms in the past 14 months due to the rial's sharp devaluation against the US dollar .
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Publish Date:14/May/2018 | 24:12

Iran Steel Market Rocked by Forex Turmoil

EghtesadOnline: The foreign exchange market recently went in a frenzy, with the rial losing its value against the US dollar on a daily basis.
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Publish Date:28/April/2018 | 05:36

Iran Switch to Euro Reflective of Trade

EghtesadOnline: Iran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries and that it would be easier for the country, the head of Monetary and Banking Research Institute said.
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Publish Date:28/April/2018 | 05:21

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.
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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.
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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.
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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”.
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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.
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Publish Date:11/April/2018 | 05:30

Moscow to Ditch Dollar in Oil Trade

EghtesadOnline: Russian Energy Minister Alexander Novak said the country is considering an option of making oil payments in national currencies, particularly with Turkey and Iran.
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Publish Date:10/April/2018 | 06:58

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.
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Publish Date:08/April/2018 | 08:02

Iran Prohibits Using USD for Imports

EghtesadOnline: Based on a directive issued by the Ministry of Industries, Mining and Trade, the ministry-affiliated National Trade System announced that as of Wednesday, all traders are prohibited from registering their import orders using the US dollar .
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Publish Date:03/March/2018 | 10:45

USD, Gold Gain

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

Tehran Market: Gold-Greenback Paths Diverge

EghtesadOnline: The gold coin and the US dollar took different courses in Tehran market on Wednesday, with the latter registering a slight gain and the greenback declining against the rial.
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Publish Date:14/January/2018 | 11:34

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.
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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.
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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.
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Publish Date:13/December/2017 | 13:11

USD Gains New Ground

EghtesadOnline: US dollar once again surged against the rial in Tehran’s open market on Sunday, as the bull run for the currency continues.
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Publish Date:30/October/2017 | 13:47

US Dollar Gains in Tehran’s Open, Official Markets

EghtesadOnline: The US dollar , the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Tuesday to maintain its uptrend against the Iranian currency.
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Publish Date:25/October/2017 | 14:47