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Currencies Gain, Gold Slightly Lower

EghtesadOnline: Spike in foreign currency rates gained momentum on Monday after an average 3% climb a day earlier.
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Publish Date:07/March/2020 | 07:02

Currency Rates Climb in Tehran for 3rd Straight Day

EghtesadOnline: The rial extended a losing streak against major currencies for the third day on Wednesday, pushing the Central Bank of Iran to intervene in the market to restore some semblance of calm.
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Publish Date:29/February/2020 | 07:04

Currency at New Low; Iran's CB Says Will Defend Rial

EghtesadOnline: Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial Action Task Force on Iran by the weekend.
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Publish Date:19/February/2020 | 10:39

Dollar in Tehran at 9-Month High

EghtesadOnline: Price of the US dollar reached 141,300 rial s in Tehran’s open market on Sunday, the highest in the past nine months.
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Publish Date:17/February/2020 | 24:09

Iran's CB Discounts Effect of FATF Ruling on Forex Market

EghtesadOnline: Governor of the Central Bank of Iran said whatever the anti-money laundering Financial Action Task Force decides on February 21, the decision will not affect the currency market.
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Publish Date:10/February/2020 | 24:16

Gold and Currency Surge in Tehran Market

EghtesadOnline: The US dollar was traded above the psychological level of 130,000 rial s on Saturday and was worth 132,000 rial s in Tehran’s open market -- the highest in the past five months.
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Publish Date:08/December/2019 | 11:41

Hemmati Underscores Need for Rial Revaluation

EghtesadOnline: Governor of the Central Bank of Iran says removing four zeros from the rial is one necessity of the monetary system and postponing it to the future will not help.
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Publish Date:01/October/2019 | 11:52

Structural Reforms First, Rial Revaluation Later

EghtesadOnline: Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture says lopping off zeros from the national currency will not produce the desired results unless the initiative is intertwined with structural reforms.
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Publish Date:14/August/2019 | 24:05

Hemmati Supports Toman Against Rial

EghtesadOnline: Governor of the Central Bank of Iran says lopping off four zeros from the national currency will not impose additional costs on the government regarding printing banknotes.
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Publish Date:07/August/2019 | 24:21

Iran: Rial Revaluation Issue Returns

EghtesadOnline: The government on Wednesday approved a central bank proposal based on which four zeros will be shaved off and the national currency rial and the change from official rial to the popularly used toman.
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Publish Date:04/August/2019 | 13:08

Iran Currency Market: Rial Gains Against All Odds

EghtesadOnline: Currency rates in Tehran briefly hit six-month lows since January 9 as the US dollar was traded for 111,000 rial s during the mid-day trade in the open forex market on Wednesday.
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Publish Date:20/July/2019 | 10:21

Forex Climbs After 2 Weeks

EghtesadOnline: The currency market, seemingly in calm waters for almost two weeks, shot up Thursday triggered by negative political developments.
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Publish Date:15/June/2019 | 11:45

Iran Govt’ Wants to Reform the Rial: Deleting Four Zeros

EghtesadOnline: The plan to remove four zeros from the rial is on the government agenda, again. The oft-mentioned move was proposed in the past by Central Bank of Iran as part of a broader plan to revisit the monetary system.
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Publish Date:17/April/2019 | 14:20

Tehran Market: Forex and Gold Surge Again

EghtesadOnline: Currency rates and gold prices continued their steady rise in Tehran amid a bull run in the stock market. On Monday the US dollar climbed above the resistance level of 140,000 rial s for the first time in the current calendar year that began on March 21.
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Publish Date:09/April/2019 | 24:56

Central Bank of Iran Focus on Stability of Forex Rates

EghtesadOnline: Governor of the Central Bank of Iran says besides the importance for the national currency to regain more of its value, the CBI remains focused also on the stability of the rial .
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Publish Date:12/February/2019 | 13:25

Gold in Tehran Steady Despite Int’l Rally

EghtesadOnline: Despite an uptick in gold prices in international markets on Monday, the yellow metal stayed almost unchanged in Tehran due largely to falling currency rates.
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Publish Date:15/January/2019 | 14:46