Currency
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Iran: Currency Rates Stable Amid Market Caution
EghtesadOnline: Foreign exchange rates in Tehran were mostly unchanged Saturday as the market waits for the outcome of diplomatic efforts to revive the landmark Iran nuclear deal and lifting…
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Iran's CB Refutes IMF Data on Currency Reserves
EghtesadOnline: The governor of Central Bank of Iran rejected the IMF’s estimation of Iran’s currency reserve in its latest report published last week.
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Currency, Gold Drop in Tehran
EghtesadOnline: Foreign exchange rates dropped on the last day of trading week Thursday, distressing prices in the domestic bullion market.
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CBI Disparages Currency Friction With South Korea
EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati says the bank’s foreign exchange policy has been crafted without taking into account billions of assets blocked overseas.…
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Gold, Currency Slump in Tehran
EghtesadOnline: The domestic bullion market opened lower on Saturday influenced by the downside in international gold markets.
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Subsidized Import Forex to Stay
EghtesadOnline: The controversial plan allocating cheap foreign currency for import will continue in the next fiscal year (starting March 20).
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Dollar Surges 3.3% in Tehran
EghtesadOnline: Currency and gold prices posted significant gains on Wednesday in Tehran after two days of decline. The dollar was quoted at 237,000 rials in the free market, 3.29% higher than…
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Currency and Gold Fall in Iran
EghtesadOnline: Forex rates posted heavy losses on the first day of trading week in Tehran on Saturday with major currencies sliding below support levels.
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Currency Stable, Gold Slightly Higher
EghtesadOnline: Foreign exchange and gold prices in Tehran saw no significant swing for the second successive day. The US dollar gained 0.38% or 1,000 rials on Sunday and bought 258,000 rials…
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Currency, Gold Rise in Tehran
EghtesadOnline: Currency rates eked out gains on Monday after several dull sessions with the dollar advancing above 250,000 rials. The spike extended to gold prices though the metal has been…
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Currency and Gold Deflating
EghtesadOnline: Foreign exchange and gold prices were sluggish in the preceding Iranian week and like other markets stepped back due to the new round of lockdown to curb the spread of the coronavirus.…
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Dollar Loses 2.3 Percent
EghtesadOnline: Currency and gold prices fell again in Tehran on Tuesday. The dollar lost 2.32% or 6,000 rials to reach 252,000 rials on Tuesday in the free market.
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Currency, Gold Relatively Calm
EghtesadOnline: Foreign exchange and gold prices posted meager changes Monday amid nationwide restrictions on non-essential businesses to control spread of the Covid-19 plague.
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Moneychangers Selling, Not Buying Currency
EghtesadOnline: The Central Bank of Iran is struggling to curb the high foreign exchange rates as best as it can through its affiliated exchange bureaus.
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Tehran Stocks Closes 2% Lower
EghtesadOnline: Downturn in the currency market extended to share prices in Tehran, particularly those of export-oriented companies.
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Iran: Currency and Gold Weaken
EghtesadOnline: The currency and gold coin markets on Wednesday fluctuated posting drops after Tuesday's gains. The US dollar lost 2.5% or 6,000 rials during the day to close at 280,000 rials…
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Iran: Currency and Gold Bounce Back
EghtesadOnline: Foreign exchange and gold prices in Tehran increased on Tuesday after posting declines in the past couple of days.
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Forex Rates at New Record Highs
EghtesadOnline: The US dollar jumped to an all-time high of 320,000 rials on Thursday, despite the central bank’s move to inject currency in the forever rising market.
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Forex Rates at New Record Highs
EghtesadOnline: The US dollar jumped to an all-time high of 320,000 rials on Thursday, despite the central bank’s move to inject currency in the forever rising market.
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CBI Forex Dealers Raise Rates
EghtesadOnline: Unabated rallies in currency rates propelled exchange shops affiliated to the Central Bank of Iran to push rates to unprecedented levels on Tuesday.
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Demand for Gold, Forex Still High
EghtesadOnline: Gold coin prices soared again in Tehran riding on the upbeat mood in the currency market and the omnipresent rush to buy the precious metal.
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Slight Gains in Currency Rates
EghtesadOnline: Forex rates in Tehran were rather stable on Sunday compared to the past several weeks as traders exercised extra caution due to the Central Bank of Iran’s presence in the market.
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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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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…
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Currency, Gold Keep Climbing
EghtesadOnline: Forex rates moved above 260,000 rials on Sunday to extend a rally that has strengthened since the beginning of the previous week.
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At 260,000 Rials, US Dollar Surpasses All-Time High
EghtesadOnline: Building on earlier gains, the US dollar advanced at the start of the trading week on Saturday climbing above the psychological level of 260,000 rials in unofficial currency markets…
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Iran’s CB Suspends ‘Currency Quota’
EghtesadOnline: The Central Bank of Iran on Wednesday temporarily suspended allocation of $2,200 or equivalent in foreign currency at relatively less rates to the people after price arbitrage…
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Currency Swaps and Challenges
EghtesadOnline: The Monetary and Banking Research Institute (MBRI), the research arm of Central Bank of Iran, has looked into challenges ahead of Iran’s currency swap agreements and offered solutions.
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Forex Fractionally Lower
EghtesadOnline: Tehran’s currency market was calm on the first day of the week as foreign currency rates decreased but bank-affiliated moneychangers were unmoved.
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Currency Rates Notch Higher in Tehran Market
EghtesadOnline: The US dollar gained 3% against the national currency in Tehran’s free market and was sold for 230,000 rials on Monday after vacillating between 220,000-224,000 rials for two…