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De-Dollarization Beneficial to Iran Trade Relations

EghtesadOnline: After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures in Iran are now weighing in on the degree the plan can be implemented with success.
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Publish Date:16/September/2018 | 05:06

US Dollar Abolished From Iran-Iraq Trade

EghtesadOnline: The US dollar has been completely eliminated from trade deals conducted between Iran and Iraq due to US sanctions and the neighboring countries have shifted toward the euro and national currencies, the head of Iran-Iraq Chamber of Commerce said.
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Publish Date:02/September/2018 | 04:06

Iran Government to Expand Secondary Forex Market

EghtesadOnline: As the negative consequences of the government’s policy in enacting a single exchange rate for the US dollar are becoming clearer, report from local media suggest that the government is finally prepared to entirely abandon that policy.
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Publish Date:29/July/2018 | 05:17

Fresh Forex, Gold Coin Rally in Tehran Market

EghtesadOnline: After a period of calm, the US dollar is once again surging in the unofficial market along with other major currencies against the rial.
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Publish Date:23/July/2018 | 07:09

France, Germany, UK Agree on Non-Dollar Trade With Iran

EghtesadOnline: Major European countries party to nuclear negotiations with Iran, such as France, Germany and the UK, have agreed to maintain trade with Tehran independent of the US dollar , Russia’s Foreign Minister Sergey Lavrov said.
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Publish Date:10/July/2018 | 04:42

In Letter to President Rouhani: Key MPs Ask Gov't to Expand Free Forex Trade

EghtesadOnline: Three key lawmakers have asked President Hassan Rouhani to significantly limit the multi-tier foreign exchange system based on which a big portion of imported goods receive their hard currency at the preferential rate of 42,000 rials to the US dollar .
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Publish Date:08/July/2018 | 05:39

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

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

Asia Stocks Gain as Trade in Focus; Dollar Steady

EghtesadOnline: Stocks in Asia climbed and U.S. equity-index futures rebounded as investors weighed the likelihood that the world’s two largest economies will eventually resolve their ongoing trade spat. Treasuries fell and the dollar steadied.
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Publish Date:09/April/2018 | 05:50

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

Iran Dollar Ban for Imports in Line With Currency Policy

EghtesadOnline: The new directive, which bans the use of the US dollar in import order registrations by Iranian traders, serves the double purpose of sidelining the US dollar and curbing the volatility that gripped the foreign exchange market in recent weeks.
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Publish Date:03/March/2018 | 10:30

Renewed Efforts to Sideline US Dollar in Foreign Trade

EghtesadOnline: Months after a meeting between Iran’s Leader Ayatollah Seyyed Ali Khamenei and Russian President Vladimir Putin in Tehran spurred officials and lawmakers to sideline the US dollar in Iran’s international deals, members of parliament seem to be at it again.
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Publish Date:25/February/2018 | 07:13

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

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 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

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

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

Rial's Future

EghtesadOnline: Rial has depreciated more than 10% over the last three months against the US dollar and was quoted at 41,360 to the greenback at Tehran's foreign exchange market on Monday.
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Publish Date:14/November/2017 | 07:19