Currency
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Exporters Flouting Rules Warned Again
EghtesadOnline: The Central Bank of Iran says it will send to the judicial authority a bigger list of exporters that have failed to repatriate their currency earrings.
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Impact of Fiat Money
EghtesadOnline: Expansion of monetary growth has again been blamed on the Central Bank of Iran’s obligation to purchase forex from the National Development Fund of Iran and settle the payment…
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Currency Stable, Gold Falters
EghtesadOnline: Currency rates were largely stable on Wednesday after losing 18% during three consecutive sessions of bear market. However, gold prices extended the slide.
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Currency and Gold Slump in Tehran Market
EghtesadOnline: Currencies took a drubbing in Tehran after rallying for seven consecutive days and the decline soon extended to gold prices.
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Forex Remains on Fast Track in Iran
EghtesadOnline: Currency rates experienced sharp swings on Sunday, with major currencies soaring again to new highs at the start of the trading session before retreating later.
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Forex Rates Rise Unabated in Tehran Market
EghtesadOnline: Currency rates are rising unabated in Tehran with exchange bureaus affiliated to, and working for, the Central Bank of Iran again the increased the dollar rate by 3.65% on Sunday…
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Shares Fall to Make Comeback in Tehran Market
EghtesadOnline: Tehran stocks opened Sunday in negative territory with the benchmark of Tehran Stock Exchange losing about 2,000 points only to rebound later as a fresh rally in the currency…
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2,500 Commercial Cards Suspended
EghtesadOnline: Iran’s Trade Promotion Organization suspended 2,500 commercial ID cards after their owners failed to heed government warnings regarding the return of overseas export currency…
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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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Tehran Stocks Surge 3.6%
EghtesadOnline: Tehran stocks made one of the biggest advances on Tuesday, rising almost 50,000 points as demand for most commodity shares remained high and increase in currency rates boosted…
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Shares Continue Winning Streak
EghtesadOnline: Tehran Stocks rallied on Monday as the unprecedented surge in currency rates continued to boost investor sentiments over future rise in share prices.
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Iran Gov’t Reviving ‘Import Without Forex’ Policy
EghtesadOnline: Following reports that the Central Bank of Iran has allowed companies to import goods “without transferring foreign currency”, the CBI outlined conditions for doing so.
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Growth in Forex Offered via Secondary Market
EghtesadOnline: Foreign currency offered at the secondary foreign exchange market increased significantly in the past week, the Central Bank of Iran said.
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In Iran's Fiscal 2019-20: Stocks Defy Forex and Gold
EghtesadOnline: A review of the performance of financial markets in the 2019-20 fiscal shows investment in the currency and gold market yielded the lowest returns, and the stock market delivered…
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Iran: Currency, Gold Descend After Big Leaps
EghtesadOnline: Foreign exchange rates and gold coin prices fell on Saturday following Central Bank of Iran measures to moderate rates after a week of high volatility.
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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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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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Currency and Gold Dip in Tehran Market
EghtesadOnline: Gold and currency prices fell in domestic market at the start of the week on Saturday as Tehran market began responding to de-escalation of political and military tensions in…
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Currency, Gold Coin Prices Rise in Tehran Market
EghtesadOnline: Foreign exchange and gold coin prices jumped on Saturday as the trading week opened in an overcast Tehran.
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Groups of Exporters Want Exemption From Currency Repatriation Rules
EghtesadOnline: The Majlis Joint Commission has approved a proposal calling for exempting exporters of technical and engineering services and agricultural goods from currency repatriation rules.
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Iran: Mineral Exporters Told to Respect Currency Repatriation Regulations
EghtesadOnline: The Ministry of Industries has conditioned the granting of permission for export of minerals to exporting companies’ commitments to repatriate overseas earnings.
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Gold and Currency Surge in Tehran Market
EghtesadOnline: The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials in Tehran’s open market -- the highest in the past five months.
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Currency, Gold Coin Prices Drop in Tehran
EghtesadOnline: Currency rates and gold coin prices dropped in Tehran’s market last week.
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Iran: Forex Fluctuations Impact Domestic Travel Behavior
EghtesadOnline: A weak local currency has proved to be a boon to Iran’s inbound tourists while a nemesis to its outbound tourism industry, at least twice in the past decade.
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TCCIM Examines Wisdom of Currency Redenomination
EghtesadOnline: In a comparative study the Economic Research Department of Tehran Chamber of Commerce, Industries, Mines and Agriculture has probed the experience of currency redenomination in…
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Currency, Gold Lose Luster in Tehran Market
EghtesadOnline: Currency rates in Tehran have been of the descending order over the past two weeks amid noticeable decline in demand and visible efforts by the Central Bank of Iran to boost the…
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Anti-Iran Pressure Will Undermine US Global Status
EghtesadOnline: The economic pressure that the United States is exerting on Iran using the dominance of its currency will be a source of trouble for this country in the long run, Iran's chief…
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Tehran Market: Currency and Gold Down
EghtesadOnline: Currency rates have been of the declining order since last Tuesday amid widespread presence of the Central Bank of Iran in the market and reports about easing political tensions.
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In Last Fiscal: Currency Returns Outperform
EghtesadOnline: A report by Tehran Chamber of Commerce, Industries, Mine and Agriculture shows the foreign exchange market recorded the highest return in the previous fiscal (March 2018-19) compared…
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Iran Currency, Gold Enter Bull Market
EghtesadOnline: Amid the upbeat in the Tehran stock market, gold and currency closed the week bullish despite decline in international gold prices.