Uptrend in Gold Coin, Forex Rates

EghtesadOnline: The Emami benchmark gold coin gained another 1% in Tehran on Monday and was traded at close to 25 million rials ($59), a new all-time high, according to Tehran Gold and Jewelry Union’s website.

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Publish Date:12/June/2018 | 05:52

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

Forex Rates Impact Housing Market

EghtesadOnline: Head of the Planning and Housing Economy Office at the Ministry of Roads and Housing Development discussed the short- and long-term impacts of the recent foreign exchange market volatility on the housing market.

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Publish Date:13/March/2018 | 07:47

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

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

CBI Renews Pledge to Unify Forex Rates

EghtesadOnline: With the key promise of unifying the country's dual exchange rates lying dormant during President Hassan Rouhani's first term in office–despite frequent pledges to do so–the Central Bank of Iran's top policymaker says the issue has not been finalized and will be pursued during the administration's second four-year term.

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Publish Date:15/August/2017 | 16:33

Dual Forex Rates Deleterious

EghtesadOnline: Businesses and private sector representatives expect the Central Bank of Iran to speed up the process of unifying forex rates since the gap between free market and official exchange rates promotes rent-seeking and hurts exports.

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Publish Date:01/July/2017 | 09:49

Rial Gains Against 3 Currencies

EghtesadOnline: The greenback was traded at 37,570 rials in the open market and 32,447 rials in the official market with a respective increase of 136 rials and a decrease of 2 rials.

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Publish Date:17/May/2017 | 09:18

Proposal for Setting Forex Rates

EghtesadOnline: The difference between domestic and foreign inflation rates should be used to determine the foreign exchange rates, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture proposed.

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Publish Date:11/February/2017 | 10:18

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

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

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

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

EPI Growth Held Back by Central Bank’s Grip on Forex Rates

EghtesadOnline: The export price index snapped its two-month contraction and started to grow in the fifth month of the current fiscal year (July 23-Aug. 22), according to latest statistics released by the Central Bank of Iran.

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Publish Date:25/September/2017 | 24:30

Seif: Forex Policy Unrelated to Elections

EghtesadOnline: Foreign exchange rates should be in line with economic realities but in order to forestall speculative activities, the Central Bank of Iran is keen on curbing the potential volatility that may arise from political events, the governor of CBI said.

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Publish Date:26/April/2017 | 08:46