Forex
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Tehran Market: Forex and Gold Fall Together
EghtesadOnline: The US dollar dropped by 21,000 rials on Sunday, losing close to 9% against the rial. The decline soon extended to bullion market, causing gold prices to fall about 10%.
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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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Forex and Gold Firm in Tehran Market
EghtesadOnline: Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in check for a few sessions largely due to the intervention of the Central…
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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, Gold Rise Again in Tehran
EghtesadOnline: The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials after falling briefly near the critical level.
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Forex, Gold Rise Again in Tehran
EghtesadOnline: The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials after falling briefly near the critical level.
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Forex Rates Unrestrained in Tehran Market
EghtesadOnline: Major currencies continued to rise Wednesday for five successive sessions with the US dollar moving closer to 240,000 rials in Tehran’s open market but sopped near the threshold.…
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Gold, Forex Slide in Tehran Market
EghtesadOnline: After a concerning pattern of hikes in the price of gold and foreign currency in Tehran, both assets registered decline in Monday trade.
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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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Gold and Forex Rise to Historic Levels in Tehran
EghtesadOnline: The price of Emami gold coin rallied to an all-time high of 80 million rials ($410) on Sunday to post a 2.55% increase compared to Saturday's close. Forex rates also continued…
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Shares Advance on High Forex Hopes
EghtesadOnline: After a one-day hiatus, Tehran stocks resumed bullish trend on Monday climbing 1.24% with small cap stocks at the center of attention.
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Forex at 20-Month High in Tehran Market
EghtesadOnline: Major currencies on Thursday hit the highest rates since September 2018 with the dollar traded at 180,000 rials in Tehran’s open market.
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Changes in Iran's CB Forex Market Policy
EghtesadOnline: Governor of the Central Bank of Iran says the bank has put an end to the unreasonable practice of injecting foreign currency into the market to control forex rates.
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Tehran Forex, Gold on a Tear
EghtesadOnline: The ascending order of the US dollar and euro continued on Wednesday, being sold respectively at 178,000 rials and 194,000 rials in Tehran's open market.
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Forex Shoots Higher in Tehran Market
EghtesadOnline: The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran.
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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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Exporters Want Changes in CBI’s Forex Repatriation Rules
EghtesadOnline: Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the government to revise stringent rules guiding repatriation of overseas earnings by non-oil…
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Most Importers Meet Forex Obligations
EghtesadOnline: Unfulfilled commitments by importers of essential goods have decreased substantially thanks to measures by the Central Bank of Iran 18 months ago, an official with the bank 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's CB Says Not Discomfited by Forex Volatility
EghtesadOnline: The sharp increase in currency rates will not change the Central Bank of Iran's approach toward the market, the CBI governor said.
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Forex, Gold in Tehran Moving Up
EghtesadOnline: Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial Action Task Force on Feb 21.
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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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Forex at Three-Month High
EghtesadOnline: Currency rates in Tehran’s market have been rising since last week after more than three months of relative calm.
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Iran's CB Catalogs Forex Given for Imports
EghtesadOnline: Soon after a call by President Hassan Rouhani, the Central Bank of Iran has published a report on its website that sheds light on the amount of subsidized currency allocated for…
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Importers Buy Forex Worth €7.8b at Iran's Secondary Forex Market
EghtesadOnline: The total value of foreign currencies sold by exporters of non-oil goods at Iran's secondary market amounted to €9.2 billion since the beginning of the current fiscal year (started…
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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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Top Council Extends Central Bank of Iran's Forex Mandate
EghtesadOnline: The Supreme Council of Economic Coordination extended the authority of the central bank governor, Abdolnasser Hemmati, for one more year to intervene and regulate the foreign…
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Forex, Iran's Worst Performing Market Up Until July
EghtesadOnline: A report published by the economic research department of Tehran Chamber of Commerce, Industries, Mines and Agriculture show that the currency market was the worst-performing…
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Iran: Forex Dips Amid Low Demand
EghtesadOnline: The foreign exchange rate in Tehran has been on a declining trajectory since the beginning of the Iranian week on Saturday, amid a noticeable decrease in demand for foreign currency.