tag Iran foreign exchange rates

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

Central Bank of Iran CDs Attract $53 Billion in Two Weeks

EghtesadOnline: The Central Bank of Iran’s main plan to control runaway foreign exchange rates has been successful, as the total value of liquidity attracted by banks from the sale of rial certificates of deposit has amounted to 2.4 quadrillion rials ($53.5 billion), the head of the Private Association of Banks and Credit Institutions announced.
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Publish Date:13/March/2018 | 07:57

Lack of Foreign Banking Ties Impeding Single FX Rates

EghtesadOnline: Deputy Economy Minister Hossein Mirshojaiyan has underplayed the gap between the official and open market foreign exchange rates, saying that a 17% difference between the two would not deter the Central Bank of Iran from moving ahead with rate unification.
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Publish Date:14/January/2018 | 08:31

CBI Committed to Forex Stability

EghtesadOnline: The Central Bank of Iran's governor has declared that the administration has no interest in letting foreign exchange rates climb and that it will take measures to keep the forex market stable.
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Publish Date:16/September/2017 | 03:53

Dual Requirements of Forex Rate Unification

EghtesadOnline: In addition to establishing ties with major international banks, the plan to unify dual foreign exchange rates requires prerequisites, the Central Bank of Iran’s former deputy for foreign exchange affairs said.
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Publish Date:13/September/2017 | 24:07

Forex Rates Rise After CBI Directive

EghtesadOnline: Foreign exchange rates increased in Tehran's market on Wednesday, following the Central Bank of Iran's latest regulations concerning foreign currency offered at banks to travelers.
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Publish Date:11/September/2017 | 11:53

Currency Futures Market to Be Launched This Year

EghtesadOnline: A futures currency market aimed at unifying the dual foreign exchange rates will be established in the current fiscal year (March 2017-22), a senior official at the Tehran Chamber of Commerce, Industries, Mines and Agriculture said.
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Publish Date:13/August/2017 | 13:24

Rate Unification This Year

EghtesadOnline: The administration of President Hassan Rouhani will implement the longstanding policy of unifying Iran’s dual foreign exchange regime “at the first possible opportunity”, which will likely be during the current fiscal year ending March 2018, announced the governor of the Central Bank of Iran.
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Publish Date:04/July/2017 | 07:42

Iran Private Sector Calls for Changing Forex Policy

EghtesadOnline: As Iran is dealing with the ramifications of the government's policy announced on April 9 to unify the country's dual foreign exchange rates, the private sector has called on President Hassan Rouhani's administration to make a series of changes to its policy, especially by creating a secondary foreign exchange market.
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Publish Date:20/May/2018 | 08:46

Stocks at Rock-Bottom Prices, Yet No Buyers

EghtesadOnline: Most share prices have dropped to record lows, but fears of US sanctions snapping back and a discontent with foreign exchange rates seem to keep traders rooted in place.
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Publish Date:06/May/2018 | 07:24

Tehran: Forex Fluctuations Pose Threat to Housing Market

EghtesadOnline: Rampaging foreign exchange rates have grabbed many headlines in the past few months and especially the past few days, but the ailing housing sector that recently showed signs of coming out of its five-year recession is liable to take one of the biggest hits.
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Publish Date:10/April/2018 | 06:57

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

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

CBI Pushing for Rate Unification Despite Forex Volatility

EghtesadOnline: The Central Bank of Iran is working to fulfill the longstanding pledge of unifying the dual foreign exchange rates, despite recent volatility that unsettled the currency market.
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Publish Date:04/March/2018 | 08:45

Lower Forex Rates to Bolster Housing Sector

EghtesadOnline: Fluctuations in the currency market had caused a price hike in Iran's already beleaguered housing sector, but even though foreign exchange rates have currently cooled down, they are expected to have a positive impact on the housing sector.
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Publish Date:03/March/2018 | 10:36

Gold, FX Rates Recede in Tehran

EghtesadOnline: A decline in foreign exchange rates and diminished demand has caused a drop of about 700,000 rials ($16.2) in the price of Bahar Azadi gold coin, meaning that gold coin prices have “balanced” and the bubble that had formed is no more, the head of Tehran’s Gold and Jewelry Union said.
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Publish Date:07/January/2018 | 10:25

Call for Accepting Rising Forex Rates

EghtesadOnline: Iranian people, businessmen and policymakers must accept the rise in foreign exchange rates because the country’s inflation rate has been higher than the global average as well as the rate in trading companies in recent years, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
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Publish Date:05/November/2017 | 10:08

Majlis Backs Forex Rate Unification

EghtesadOnline: The parliament supports the implementation of the long-delayed promise to unify the country’s dual foreign exchange rates, the chairman of Majlis Economic Commission said.
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Publish Date:16/September/2017 | 03:48

Iran Forex Market Fluctuations Normal

EghtesadOnline: Central Bank of Iran's vice governor said the country's forex situation is currently very strong and believes that fluctuations in foreign exchange rates in Iran's market are normal.
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Publish Date:26/August/2017 | 08:33