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New Bid to Prop Up Rial

EghtesadOnline: Heads of the three branches of government (executive, legislature and judiciary) have stressed the need and significance of working in concord to help restore calm to the currency market struggling with skyrocketing rates unseen in the country’s history.
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Publish Date:28/February/2023 | 22:26

Iran's CB Designing Crypto-Rial

EghtesadOnline: The Central Bank of Iran is studying the issuance of “crypto- rial ” as a central bank digital currency (CBDC) and a digital form of the country’s fiat money, the CBI director of Payment Systems Department said.
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Publish Date:27/December/2020 | 16:38

Rial Up, Forex and Gold Down

EghtesadOnline: The national currency pared earlier losses at the beginning of trading day on Saturday as sentiment in the forex market weakened following new measures announced by the Central Bank of Iran including its currency injections to try and curb rates.
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Publish Date:01/November/2020 | 13:17

Rial Enters Crisis Mode

EghtesadOnline: The foreign exchange market in Iran is experiencing unprecedented highs as major currencies continue to rise against the national currency.
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Publish Date:12/October/2020 | 19:47

Rial Gains Against Major Currencies

EghtesadOnline: Major currencies moved further from record highs reached last week and declined Sunday both in Tehran’s free market and official exchange-bureaus affiliated to the Central Bank of Iran.
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Publish Date:05/October/2020 | 13:18

Rial Plunges to All-Time Low

EghtesadOnline: The US dollar rose again in Tehran’s free market at the close of trading week on Thursday, moving incessantly toward 300,000 rial s.
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Publish Date:03/October/2020 | 24:01

Forex Rates and Gold Back to Record Highs

EghtesadOnline: After a brief lull, currency rates again rallied against the rial on Sunday. The dollar was quoted at 273,000 rial s in Tehran’s open market, up 7,000 rial s, or 2%.
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Publish Date:21/September/2020 | 14:11

Currency Appreciation Stopped In Tehran Market

EghtesadOnline: The rising tide of foreign currency rates against the rial paused on Saturday after soaring to record highs last week. The slide extended to the bullion market.
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Publish Date:20/September/2020 | 11:36

Rial Makes a Comeback After Two Months of Historic Lows

EghtesadOnline: The national currency declined to new lows in the face of a rising dollar on Monday but later recovered partially following intervention by exchange bureaus affiliated to the Central Bank of Iran.
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Publish Date:15/September/2020 | 09:30

Dollar Rallies Above 240,000 Rials

EghtesadOnline: Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rial s in Tehran’s open market compared to prices quoted Thursday.
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Publish Date:02/September/2020 | 24:47

Rial Stems Losses

EghtesadOnline: The rial pares some more of its losses against the US dollar on Tuesday amid a noticeable intervention by the Central Bank of Iran.
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Publish Date:22/July/2020 | 08:42

Rial Takes a New Dive

EghtesadOnline: The US dollar made one more leap on Saturday extending a rally that has lasted for seven successive sessions. The greenback strengthened close to 5% against the rial in Tehran’s open market, adding 12,000 rial s in one day to 252,000 rial s.
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Publish Date:19/July/2020 | 14:11

Pressure Mounts on Rial

EghtesadOnline: Major currencies again gained against the rial on Monday with the dollar soaring above the critical 230,000 rial s in Tehran’s free market.
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Publish Date:14/July/2020 | 07:40

Central Bank of Iran Lets Rial Tumble

EghtesadOnline: Selected foreign exchange bureaus affiliated to the Central Bank of Iran pushed up dollar rates above the historic 200,000 rial s on Saturday.
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Publish Date:05/July/2020 | 09:38

Rial Erases Gains

EghtesadOnline: Major foreign currencies rallied again in Tehran’s open market on Sunday with the dollar bouncing back to 202,000 rial s, up 2.5% overnight.
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Publish Date:29/June/2020 | 10:03

Rial Settles 5.6% Up

EghtesadOnline: Iran’s national currency pared more of earlier losses on Thursday, gaining 5.6% against the dollar in two days after tanking to all-time lows on Tuesday.
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Publish Date:27/June/2020 | 10:06

Dollar Dips 4% in Tehran

EghtesadOnline: The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped in to stop further deprecation of the rial .
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Publish Date:25/June/2020 | 20:50

Rial Bashing Continues

EghtesadOnline: Iranian rial hit new lows against major currencies on Tuesday with the US dollar breaking above the psychological 200,000 rial s.
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Publish Date:24/June/2020 | 24:07

Law Replaces Rial With Toman

EghtesadOnline: The Majlis passed a bill Monday to change the monetary unit from rail to the popularly used ‘toman’.
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Publish Date:05/May/2020 | 05:27