US dollar
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Cryptocurrency a Means to Bypass US Dollar
EghtesadOnline: Iran and Russia could consider using local or digital currencies to cushion any impact on bilateral trade from fresh US sanctions that ban dollar-denominated transactions with…
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Payment Industry Awaiting Currency Allocation
EghtesadOnline: After the unification of the US dollar’s exchange rate, the payment industry has yet to receive hard currency at the rate of 42,000 rials for importing equipment and hardware.…
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Rial’s Devaluation Makes Room for Stocks Growth
EghtesadOnline: The market capitalization of companies listed on Tehran's two stock exchanges has dropped by about 33% in US dollar terms in the past 14 months due to the rial's sharp devaluation…
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Iran Steel Market Rocked by Forex Turmoil
EghtesadOnline: The foreign exchange market recently went in a frenzy, with the rial losing its value against the US dollar on a daily basis.
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Iran Switch to Euro Reflective of Trade
EghtesadOnline: Iran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries…
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Iran Ditches US Dollar for Euro in Financial Reports
EghtesadOnline: President Hassan Rouhani's administration on Wednesday officially discarded the US dollar as its currency of choice for financial reporting and opted for the euro.
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Passing Judgment on Forex Decision Premature
EghtesadOnline: It is too soon to pass judgment on the administration’s decision to fix the US dollar’s exchange rate at 42,000 rials, the deputy economy minister for banking and insurance said.…
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Gold Coin Drops in Tehran After New Forex Measures
EghtesadOnline: When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined.
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Seif: Unified USD Rate Not Fixed
EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif said the drastic decision by the government to unify the US dollar’s rate does not mean that a fixed exchange rate system would…
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Iran Parliament Briefed on Unified Forex Rates
EghtesadOnline: The Central Bank of Iran's Governor Valiollah Seif answered heated questions during an appearance in the latest open session of the parliament after the government announced late…
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Gold Prices Tumble, Trade Halted
EghtesadOnline: Following news that the US dollar rate has been unified at 42,000 rials, gold prices also went into freefall, although the head of Tehran Gold and Jewelry Union declared that…
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Moscow to Ditch Dollar in Oil Trade
EghtesadOnline: Russian Energy Minister Alexander Novak said the country is considering an option of making oil payments in national currencies, particularly with Turkey and Iran.
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Asia Stocks Gain as Trade in Focus; Dollar Steady
EghtesadOnline: Stocks in Asia climbed and U.S. equity-index futures rebounded as investors weighed the likelihood that the world’s two largest economies will eventually resolve their ongoing…
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Iran Parliament Mulls Forex Rescue Package
EghtesadOnline: With the US dollar's exchange rate remaining above the psychological threshold of 50,000 rials in Tehran's market, lawmakers frustrated with the performance of the Central Bank…
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FX, Gold Markets Still Bullish in Tehran Market
EghtesadOnline: Most foreign currencies continued to gain against the rial on Wednesday in a rally that started from the early days of the current Iranian year that began on March 21. According…
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Iran Prohibits Using USD for Imports
EghtesadOnline: Based on a directive issued by the Ministry of Industries, Mining and Trade, the ministry-affiliated National Trade System announced that as of Wednesday, all traders are prohibited…
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Iran Dollar Ban for Imports in Line With Currency Policy
EghtesadOnline: The new directive, which bans the use of the US dollar in import order registrations by Iranian traders, serves the double purpose of sidelining the US dollar and curbing the…
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Renewed Efforts to Sideline US Dollar in Foreign Trade
EghtesadOnline: Months after a meeting between Iran’s Leader Ayatollah Seyyed Ali Khamenei and Russian President Vladimir Putin in Tehran spurred officials and lawmakers to sideline the US dollar…
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Tehran Currency Market: USD Bearish as CBI Measures Sink In
EghtesadOnline: After weeks of wild rallying, the US dollar has lost its bullish momentum in Tehran's foreign exchange market as the Central Bank of Iran's rescue package appealed to investors…
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Tehran Market: US Dollar Scales New Heights
EghtesadOnline: The US dollar hit new highs against the rial on Monday, as the foreign exchange market continued to surprise investors and policymakers who are struggling to accept record forex…
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USD, Gold Gain
EghtesadOnline: The US dollar made new gains against the rial on Wednesday, but stopped short of crossing another psychological barrier.
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Forex Uptrend Bullish in Tehran Market
EghtesadOnline: Iran's foreign exchange market on Saturday witnessed a rise in the rates of all major currencies against rial, the national currency.
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Tehran Market: Gold-Greenback Paths Diverge
EghtesadOnline: The gold coin and the US dollar took different courses in Tehran market on Wednesday, with the latter registering a slight gain and the greenback declining against the rial.
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Gold, Currencies Up in Tehran Market
EghtesadOnline: Experiencing rather uneventful days, both the currency and gold markets registered small rallies on Tuesday to nullify (for the time being) promises made by the government and…
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US Dollar Bullish Again
EghtesadOnline: The US dollar gained against the rial on Wednesday to reach its highest value in Tehran’s foreign exchange market in almost a year.
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Tehran Currency Market Heats Up
EghtesadOnline: The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.
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Euro, USD Continue Rally
EghtesadOnline: The two high-demand currencies, namely euro and dollar, continued their rallies on Monday to register record highs against the rial.
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Iran-China Traders Agree to Sideline US Dollar
EghtesadOnline: The senior officials of Iran and China emphasized on reducing the US dollar’s role in their bilateral trade.
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CBI Governor: USD Rate to Moderate
EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif tamped down worries about the surging exchange rate for the US dollar on Tuesday, stressing that the surging exchange rate…
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US Dollar Close to All-Time High
EghtesadOnline: The US dollar rose close to its highest registered value against the rial on Monday, as the Iranian currency also lost against a slew of other major currencies.