Forex
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Iran: Relative Calm in Forex Market
EghtesadOnline: Iran’s forex market seems to be relatively calm following bouts of anxiety before and after the Nov. 3 US presidential election.
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CBI Optimistic About Lower Forex Rates
EghtesadOnline: Foreign exchange rates increased again Monday, with the dollar recording gains for the second day in a row. The Central Bank of Iran, however, said it expects further decline…
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Iran: Forex Market Retreats, Gold Gains
EghtesadOnline: Currencies traded choppily in Tehran’s market on Wednesday, before ending lower and gold prices market soared.
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Forex and Gold Higher
EghtesadOnline: Foreign currencies gained against the rial on Monday in Tehran’s open market. The dollar climbed 15,000 rials to reach 291,000 rials, more than 5% higher compared to earlier session.
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Rial Up, Forex and Gold Down
EghtesadOnline: The national currency pared earlier losses at the beginning of trading day on Saturday as sentiment in the forex market weakened following new measures announced by the Central…
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$6.2 Billion in Subsidized Forex for Basic Goods
EghtesadOnline: Despite restrictions resulting from US sanctions, the Central Bank of Iran provided $6.214 billion in subsidized foreign currency to import essential goods over seven months ending…
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CBI Says Forex Injections Help
EghtesadOnline: The Central Bank of Iran said it injected $450 million into the market to help stabilize the volatile market and control foreign exchange rates.
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Forex, Gold Not Losing Clout
EghtesadOnline: The US dollar made a strong comeback on Wednesday in Tehran’s open market after a steep decline a session earlier. Gold prices also followed suit.
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Insurers Feel the Heat
EghtesadOnline: The insurance industry's total premium is expected to fall short of expectations in the current Iranian fiscal year, largely due to the ruinous Covid-19, rising inflation and…
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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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Iran: Positivity About Unlocking Forex Overseas
EghtesadOnline: The Central Bank of Iran hopes it would be able to ease the unprecedented pressure on the currency market after billions in assets are unlocked overseas.
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Gold and Forex Make History in Tehran
EghtesadOnline: Gold and foreign currency in Tehran posted strong gains in post-holiday trading on Saturday jumping to record highs.
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Banks Notified to Adjust Forex Rates in Financial Reporting
EghtesadOnline: New exchange rates should be used by banks as the basis for converting their forex debt and assets into rial, the Central Bank of Iran said Thursday.
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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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CBI Supplies Subsidized Forex Worth $5.2 Billion in 6 Months
EghtesadOnline: The Central Bank of Iran’s Public Relations Department has released a report on the supply of subsidized foreign currency to import essential goods.
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Forex Back on Fast Track in Iran
EghtesadOnline: Foreign exchange rates in Iran’s free market climbed again on Monday after a lull in the past two sessions as the US dollar clawed back losses in previous trade.
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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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Forex Rates and Gold Climb
EghtesadOnline: Foreign exchange rates made significant gains on Monday despite efforts by the Central Bank of Iran to meet demand through the secondary market.
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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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Third List of Exporters Flouting Forex Rules Sent to the Judiciary
EghtesadOnline: The Central Bank of Iran said Thursday that it had sent to the judiciary a third list of companies who defaulted and failed to meet their obligations to repatriate earnings from…
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Forex Rates High and Rising
EghtesadOnline: After touching 280,000 rials on Wednesday, the US dollar again extended gains against the rial on Thursday. It sold for 286,500 rials in Tehran’s open market, rising 6,000 rials,…
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Forex Rates and Gold Back to Record Highs
EghtesadOnline: After a brief lull, currency rates again rallied against the rial on Sunday. The dollar was quoted at 273,000 rials in Tehran’s open market, up 7,000 rials, or 2%.
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Hemmati Blames US Plots for Steep Increase in Forex Rates
EghtesadOnline: The Governor of the Central Bank of Iran Abdolnasser Hemmati reiterated that fluctuations in the foreign exchange market is linked more to external and less to economic factors.
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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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Forex Reaches All-Time High
EghtesadOnline: Foreign exchange rates gained against the rial in Tehran’s unofficial market Tuesday amid rising demand and despite large-scale forex injection by exchange bureaus affiliated…
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Forex, Gold Move Higher in Tehran
EghtesadOnline: After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday with the dollar gaining more than 5,000 rials in Tehran’s open market.
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CBI Resilient Amid Mounting US Pressure, Says Hemmati
EghtesadOnline: The Central Bank of Iran’s monetary and forex policy is resilient and has resisted the perpetual hostility and economic sanctions of the United States, the bank’s governor said.…
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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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Tehran Forex Market Edges Up
EghtesadOnline: After a short-lived downturn a day earlier, major currencies climbed again on Monday with the dollar drawing closer to 220,000 rials at the end of trading session.