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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

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