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Forex Shoots Higher in Tehran Market

EghtesadOnline: The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran.
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Publish Date:18/May/2020 | 05:32

SPV Delay to Inflict Bigger Economic Cost

EghtesadOnline: The Special Purpose Vehicle, a dedicated non-dollar payment channel created by Europe to keep trade flowing with Iran in defiance of US sanctions, is likely to be launched soon.
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Publish Date:16/December/2018 | 13:09

New Foreign Exchange Policy: Exporters’ Savior or Bane?

EghtesadOnline: The new forex policy, announced last week by the Central Bank of Iran, which will partially remove the ceiling for the price of the dollar and allow more freedom for market changes, has sparked a great deal of controversies.
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Publish Date:20/August/2018 | 04:17

$2-3 Million Smuggled Daily From Afghanistan to Iran

EghtesadOnline: Aziz Ahmad is one of the unlikely winners of the standoff between the United States and Iran, turning his modest transport service into an international foreign exchange operation that is providing much-needed dollars to the Iranian economy.
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Publish Date:03/July/2018 | 04:18

$2-3 Million Smuggled Daily From Afghanistan to Iran

EghtesadOnline: Aziz Ahmad is one of the unlikely winners of the standoff between the United States and Iran, turning his modest transport service into an international foreign exchange operation that is providing much-needed dollars to the Iranian economy.
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Publish Date:03/July/2018 | 04:18

Foreign Insurance Dealings in Euro

EghtesadOnline: Iran is determined to sideline the US dollar in its financial dealings for the past few years and the country’s insurance industry is no exemption, as it has emphasized a shift toward euro both on the local and international scale.
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Publish Date:05/May/2018 | 05:20

Tehran Stock Market to Benefit From Rising Dollar

EghtesadOnline: The US dollar is notching new highs against the rial in Tehran’s foreign exchange market these days, while the stock market remains relatively dormant.
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Publish Date:15/February/2018 | 09:03

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.
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Publish Date:03/February/2018 | 11:42

Dollar Under Pressure; Euro Steadies Before ECB

EghtesadOnline: The dollar’s miserable week continued, with the greenback slipping against most major peers as traders digest the latest comments from White House officials. The euro was steady before the first ECB policy decision of the year, while stocks were mixed and crude gained.
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Publish Date:25/January/2018 | 11:30

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

Greenback on the Upswing

EghtesadOnline: The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in Tehran’s open and official foreign exchange markets on Saturday.
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Publish Date:29/October/2017 | 24:32

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

Upswing in US Dollar

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 Monday afternoon.
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Publish Date:23/October/2017 | 10:17

Iran Gov’t Opposed to Rial Devaluation

EghtesadOnline: The government spokesman has announced that the administration is against any irrational devaluation of rial against the US dollar since its policy is to manage the rates of foreign currencies in a floating system.
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Publish Date:15/October/2017 | 11:07

Call for Iran-Sri Lanka Euro Dealing

EghtesadOnline: In line with Central Bank of Iran’s policy of ditching the US dollar in favor of the euro, Iran’s ambassador to Colombo has called on Sri Lankan banks to trade with Iran in the European Union’s single currency.
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Publish Date:15/October/2017 | 10:46

Iran, Turkey sign deal to trade in own currencies

EghtesadOnline: Iran and Turkey have signed a draft agreement to carry out trade activities based on their own local currencies instead of traditional foreign currencies such as the euro and the dollar.
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Publish Date:10/October/2017 | 14:16

USD Rally Continues

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 Wednesday.
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Publish Date:16/September/2017 | 03:57

USD Remains Bullish

EghtesadOnline: The US dollar once again gained against rial in Tehran’s both open and official exchange markets on Saturday to maintain its uptrend against the Iranian currency.
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Publish Date:04/September/2017 | 07:59

Dollar steadies after dropping on U.S. political turmoil

EghtesadOnline: The dollar steadied on Monday, edging away from four-month lows against the yen plumbed in the previous session as investors turned their focus from political turmoil in Washington to the Federal Reserve's annual central banking conference in Wyoming.
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Publish Date:21/August/2017 | 06:53

Tayyebnia: Majority of Iran Transactions in Euro

EghtesadOnline: After Iran ditched the US dollar in its financial reporting and the Central Bank of Iran is pursuing the policy to sideline the greenback in its forex transactions in response to US restrictions, Iran's Economy Minister Ali Tayyebnia said the lion's share of the country's dealings are now conducted with euro.
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Publish Date:15/August/2017 | 15:56