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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

Tehran Stocks Rally, Incline Toward Export Sector

EghtesadOnline: Tehran Stock Exchange set a fresh record high on Monday as investors received more positive news on corporate earnings, especially export-oriented stocks that have benefited the most since the rial 's decline intensified six months ago.
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Publish Date:25/September/2018 | 06:10

Iran: Small Investors Amplify Stocks’ Growth

EghtesadOnline: Iran stock market has had a stellar performance in the first half of the current financial year that began in March. The flow of liquidity from small investors struggling to persevere their assets in the face of a depreciating rial , has been the highlight of the equity market's success and the main driving force behinds its rally this time.
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Publish Date:29/September/2018 | 05:47

Rial’s Slide Necessitates Bank M&A

EghtesadOnline: A senior banking official said the steep fall in the value of rial against the US dollar has strained banks’ balance sheets by dealing a blow to their capital levels.
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Publish Date:17/September/2018 | 04:32

Forex Rally Intensifies in Tehran Market

EghtesadOnline: The foreign exchange market intensified its rally on Monday, with the rial dropping to new lows against most major currencies.
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Publish Date:04/September/2018 | 04:26

CBI Says Will Fight Liquidity

EghtesadOnline: The Central Bank of Iran has vowed to curb the rising tide of liquidity, which he blamed as the source of all market volatility, including a currency crisis that has seen the rial drop to record lows since April.
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Publish Date:02/September/2018 | 04:09

Iran Foreign Exchange and Gold Market Volatility Subsides

EghtesadOnline: Rial rebounded on Sunday, in anticipation of Central Bank of Iran Governor Abdolnasser Hemmati's announcement of the new plan to calm forex market volatility that has seen Iranian currency sink to a series of record lows.
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Publish Date:06/August/2018 | 10:56

New Forex Package Expected to Comply With Majlis Stance

EghtesadOnline: The government's new package to salvage the volatile currency market agrees with the lawmakers' own plans for strengthening the rial , the chairman of Majlis Economic Commission said.
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Publish Date:04/August/2018 | 04:18

Fresh Forex, Gold Coin Rally in Tehran Market

EghtesadOnline: After a period of calm, the US dollar is once again surging in the unofficial market along with other major currencies against the rial .
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Publish Date:23/July/2018 | 07:09

Rial Gaining Ground in Tehran Market

EghtesadOnline: Rial continued its gain against the US dollar in Tehran's foreign exchange market, as the Central Bank of Iran pushed through with its rescue package to stabilize the currency that had lost a quarter of its value within six months.
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Publish Date:25/February/2018 | 07:19

Euro Rally Cools

EghtesadOnline: The rial was quoted at 45,490 to a euro on Monday in Tehran's market, marking a 1% gain against the European currency in the past three days.
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Publish Date:01/August/2017 | 11:07

CBI Says Currency Fears Are Over

EghtesadOnline: The Central Bank of Iran has managed to control foreign exchange rates and promote a relative stability in the forex market despite a turbulent season that saw the rial drop to historic lows against the dollar, the bank's deputy for economic affairs said.
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Publish Date:20/February/2017 | 15:50

Majlis Think Tank Recommends Floating Forex Rate

EghtesadOnline: The research arm of the Iranian Parliament has published a report on fluctuations in the foreign exchange market during the past few months, advising the Central Bank of Iran to do what it takes for free-floating the rial against other currencies.
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Publish Date:12/January/2017 | 24:25

The Month of Records

EghtesadOnline: Stocks continued their moribund trading in Tehran's two equity markets during the Iranian calendar month of Azar (ended Dec. 20), while the rial hit historic lows and moved to money markets seeking safety and higher yields.
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Publish Date:22/December/2016 | 11:26