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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

Iran: Idea of Lopping Off Zeroes From Rial Reemerges

EghtesadOnline: Governor of the Central Bank of Iran Abdolnaser Hemmati said Sunday the regulator has proposed to the government lopping off four zeros from the rial .
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Publish Date:07/January/2019 | 09:47

Oil Trade on Iran Energy Exchange in Rials

EghtesadOnline: The Supreme Council of Economic Coordination – a special body comprising heads of the three branches of government – has agreed to the total settlement in rial s of payments for crude oil sales on the Iran Energy Exchange.
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Publish Date:23/December/2018 | 15:30

Tehran Stocks Fall for Third Day in a Row

EghtesadOnline: Tehran stocks retreated for the third consecutive day on Monday as base metal and steel shares came under further pressure and the rial strengthened.
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Publish Date:18/December/2018 | 10:26

Iranian Rial Near 3-Month High Against USD

EghtesadOnline: The rial strengthened sharply on Tuesday, climbing to a near three-month high against the US dollar. With the exchange rate breaking below the psychological level of 110,000, the US dollar was traded in the open market for about 107,000 rial s.
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Publish Date:12/December/2018 | 10:29

Tehran Stocks Bleed as Optimism in Bank Shares Fade

EghtesadOnline: Nervous investors on Sunday dumped bank stocks after their early optimism about the prospects of banks faded. Bank shares had become a new favorite of investors after the rial gains curbed the love for the shares of export companies.
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Publish Date:19/November/2018 | 09:56

Iran Currency Market Relatively Calm

EghtesadOnline: The rial has been keeping relatively steady since the reimposition of US sanctions last week, a fact reflected in official comments in Tehran that much of the impact of the sanctions have already been baked in.
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Publish Date:12/November/2018 | 10:40

Rial Devaluation Lifts Iran's Trade Balance

EghtesadOnline: Much as the Iranian national currency's steep devaluation in recent months gave rise to challenges, it has also provided a boost to the country's trade balance on the back of surging exports and dwindling imports.
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Publish Date:24/October/2018 | 14:21

India Working on Rupee-Rial Mechanism for Chabahar Port Project

EghtesadOnline: India is weighing a rupee- rial payment mechanism for the Chabahar Port project in Iran as it weaves a way around the impending sanctions imposed by the US on the Persian Gulf nation from November 4, to kickstart the port that is considered critical to the country’s geopolitical and trade interests.
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Publish Date:21/October/2018 | 08:17

Forex Rates Decline Continues in Tehran Market

EghtesadOnline: The currency market in Tehran stabilized further on Sunday with the USD exchange rate dropping below the support level of 140,000 rial s. The greenback was traded for 138,000 rial s on the open market to post the fourth straight decline. The Euro changed hands for 160,000 rial s -- down from 162,400 at the outset of trade.
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Publish Date:15/October/2018 | 05:54

Tehran Currency Market: Rial Rally Continues

EghtesadOnline: The Iranian rial continued its rally on Tuesday after weeks of depreciation had sent it to a series of record low. New gains for the national currency came unexpectedly as people rushed to exchange shops to convert their greenbacks into the local currency.
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Publish Date:03/October/2018 | 05:38

Forex, Gold Descend in Tehran Market

EghtesadOnline: The rial on Monday pared more of its losses in the open foreign exchange market and was traded at around 154,830 to the US dollar.
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Publish Date:02/October/2018 | 06:11

Iran’s CB Allowed to Intervene in Forex Market

EghtesadOnline: The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against major currencies.
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Publish Date:30/September/2018 | 05:42

Currency, Gold at New High in Tehran Market

EghtesadOnline: The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other major currencies as they gained considerably against the plummeting rial . The dollar was traded for 156,790 rial s in Tehran’s open market, another "super-resistance" level to be broken since the rial 's freefall began six months ago.
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Publish Date:25/September/2018 | 06:00

Paper Looks Into Rial’s Rising Problems

EghtesadOnline: Since the beginning of the fiscal 2018-19, the Iranian rial has, as economists say, “gone through the floor”—the currency has depreciated by nearly 70% against its benchmark.
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Publish Date:23/September/2018 | 05:58