Iran rial
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A Review of Academic Studies on Rial/Dollar Exchange Rate
EghtesadOnline: Recent fluctuations in the rial/dollar exchange rate have prompted a lively debate among economists and financial experts in Iran over forecasting currency movements.
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US Dollar at 38,500 Rials
EghtesadOnline: The US dollar was exchanged for 38,500 rials in Tehran’s market, the Association of Bureaux de Change Operators of Iran announced, down by 800 rials or 2% compared with Monday.
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Nematzadeh: Trade in Lira, Rials to strengthen Iranian, Turkish currencies
EghtesadOnline: Minster of Industries, Mines and Trade Mohammad-Reza Nematzadeh said on Wednesday that trade in Lira of Turkey and Iranian Rial will boost both sides' national currencies.
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Rouhani pledges to reverse slide of Iran's currency
EghtesadOnline: President Hassan Rouhani sought to reassure Iranians on Sunday that the government would work to protect market stability after the country's currency fell to a record low last…
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Rial Strengthens to 39,500 Per USD
EghtesadOnline: The unification of Iran's dual foreign exchange regime and the decline in the exchange rate of major currencies were among the most important topics discussed at Saturday's meeting…
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Currency Market Stabilizes as Rial Slightly Gains
EghtesadOnline: The end of the current Iranian year in March will bring about an end to currency fluctuations plaguing the market, as increased supply helps moderate the market, predicts the…
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Lawmaker Warns of Currency Change Cost
EghtesadOnline: Changing Iran’s official monetary unit from rial to toman would cost a hefty 30 trillion rials ($922.7 million), announced the head of Majlis Economic Commission.
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Dollar gain to rials does not mean devaluation of national currency
EghtesadOnline: Deputy Minister of Economy and Finance for Banking, Insurance and State Companies Affairs Hossein Ghazavi said on Saturday that dollar gain to the rials does not mean devaluation…
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Iran tells banks to sell dollars at free rates
EghtesadOnline: The Central Bank of Iran (CBI) says it has authorized banks to deal in foreign exchange trading at a free-market rate – a move which is expected to help control the rising rates…
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Dollar's Climb and Gov't Performance; Dispelling Forex Myths
EghtesadOnline: When a country’s currency weakens, its imports go up in price but its exports gain competitiveness. This is an exhaustive cycle, however.
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Nobakht: Shifting in national currency serves to facilitate exchanges
EghtesadOnline: Vice President and Head of Planning and Budget Organization Mohammad Baqer Nobakht said that shifting Iran's national currency from rial to toman serves the objective of facilitating…
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Rial no longer Iran's national currency, Cabinet approves
EghtesadOnline: Rial denomination of national currency will no longer exist based on a decision made by cabinet of President Hassan Rouhani.