Rise in Import Tax Revenues to Follow Hike in Forex Rate

EghtesadOnline: Majlis Research Center has forecast that the government will meet its import tax revenue target set in the 2018-19 budget, while predicting a higher foreign exchange rate and a significant reduction in goods receiving subsidized hard currency in the year ahead.

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Publish Date:14/January/2018 | 09:48

Forex Rate Unification Needs Real Rates

EghtesadOnline: The unification of foreign exchange rates should be accompanied by setting real exchange rates, otherwise the plan will fail as in the past, the head of Iran Export Confederation said.

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Publish Date:24/June/2017 | 08:31

Dual Exchange Rate System Criticized

EghtesadOnline: The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has called for the unification of foreign exchange rates and criticized the current dual rate system.”

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Publish Date:12/March/2017 | 14:44

USD at 100-Day Low Against the Rial

EghtesadOnline: The rial was quoted at 37,240 to the US dollar on Wednesday, gaining 0.59% against the greenback compared with Tuesday's close.

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Publish Date:09/March/2017 | 17:10

Floating Exchange Rate Remains Ideal Choice

EghtesadOnline: When foreign exchange rates are unified, setting a fixed rate for it will be meaningless since foreign exchange rates, like any other commodity, are determined by supply and demand, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture said.

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Publish Date:26/February/2017 | 24:33

Forex Rate Unification After March

EghtesadOnline: Following efforts during the current fiscal year (ending March 20) to close the gap between official and unofficial foreign exchange rates, the government will unify forex rates at some point in the next fiscal year when banking relations with the outside world improves further, said a deputy economy minister.

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Publish Date:05/February/2017 | 13:17

Gov’t Still Pursuing Forex Rate Unification

EghtesadOnline: The government’s longstanding plan to unify Iran’s dual foreign exchange rate regime has faced several barriers, but a deputy economy minister said the plan is well and alive.

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Publish Date:03/February/2018 | 07:20

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

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

ICCIMA Assesses Forex Rate’s Impact on Imports

EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture has published a report explaining the impact of foreign exchange fluctuations on imports of raw materials, capital goods and consumer goods.

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Publish Date:02/August/2017 | 10:32

CBI Says Currency Fears Are Over

EghtesadOnline: The Central Bank of Iran has managed to control foreign exchange rates and promote a relative stability in the forex market despite a turbulent season that saw the rial drop to historic lows against the dollar, the bank's deputy for economic affairs said.

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Publish Date:20/February/2017 | 15:50

Majlis Think Tank Recommends Floating Forex Rate

EghtesadOnline: The research arm of the Iranian Parliament has published a report on fluctuations in the foreign exchange market during the past few months, advising the Central Bank of Iran to do what it takes for free-floating the rial against other currencies.

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Publish Date:12/January/2017 | 24:25