Currency
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Where Is Currency Market Heading?
EghtesadOnline: These days, the foreign exchange market is gripped by fluctuations in the US dollar price. In general, two categories of factors affect its price.
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New Measure to Fast-Track Foreign Currency Allocations
EghtesadOnline: On recent measures taken by the CBI Farzin said, is Allocating currency from the government's reserves for essential goods and medicine is one of the first steps to restore stability…
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Both Real and Synthetic Demand Exists for Currency, Analyst Says
EghtesadOnline: Market analysts have supported new rules announced by the Central Bank of Iran obliging buyers of cheap foreign currency to have forex bank accounts.
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New Bid to Prop Up Rial
EghtesadOnline: Heads of the three branches of government (executive, legislature and judiciary) have stressed the need and significance of working in concord to help restore calm to the currency…
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Where Will Rial’s Depreciation End?
EghtesadOnline: How much more is the local currency going to lose its value? This is a question weighing on Iranians’ minds these days.
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CBI Launches ‘Currency and Gold Trade Center’
EghtesadOnline: The central bank officially launched the ‘Iran Currency and Gold Trade Center’ in line with the new governor's bid to try and control skyrocketing forex and gold prices.
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Forex Scaling New Heights
EghtesadOnline: Foreign exchange rates jumped again on Saturday in Tehran's unofficial market to continue on the upward trajectory seen for months.
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Online Currency Trade Begins via ICE Website
EghtesadOnline: The Central Bank of Iran has given permission to exchange shops to buy and sell foreign currency online through the website of the Iran Currency Exchange (ICE).
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CBI Must Bear Onus of Online Currency Deals
EghttesadOnline: Parliament will agree to online forex trade on the condition that it is regulated by and under the auspices of the Central Bank of Iran, head of Economic Commission of the legislature…
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Forex and Gold Jump
EghtesadOnline: Currency rates made significant gains against the rial on Tuesday triggering fresh demand in the domestic gold market.
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Currency Trade via Nima Exceeds $4b
EghtesadOnline: Currency trade in the secondary market, known locally as Nima, reached almost $4 billion from the beginning of the fiscal year in late March to May 9.
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Metrics Are Under Review to Slowly Remove Forex Subsidy
EghtesadOnline: The Economy Minister Ehsan Khandouzi said Tuesday the government is determined to take the first step towards gradually eliminating subsidized currency in this fiscal year.
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Gov’t Gives Extra Subsidized Currency for Medicine Import
EghtesadOnline: The Central Bank of Iran said it has made available subsidized forex ($1=42,000 rials) for medicine import upon the orders from President Ebrahim Raisi.
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Currency, Gold Trim Gains
EghtesadOnline: Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal.
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Currency Tax Excludes Personal Needs: INTA
EghtesadOnline: This week’s decision by the government to tax forex trade does not include people who buy currency for personal needs, a deputy head at the Iranian National Tax Administration…
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Currency, Gold Edge Higher
EghtesadOnline: Foreign exchange rates advanced on Sunday for the second straight day in Tehran’s open market pushing up the domestic bullion market.
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Iran's CB Governor: Currency Revenue Improving
EghtesadOnline: The Governor of the Central Bank of Iran Ali Salehabadi says foreign currency revenue of the bank has increased in recent months and improved its leverage to curb volatility in…
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Iran's CB Governor: Currency Revenue Improving
EghtesadOnline: The Governor of the Central Bank of Iran Ali Salehabadi says foreign currency revenue of the bank has increased in recent months and improved its leverage to curb volatility in…
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MRC Censures Policy of Curbing Currency Rates
EghtesadOnline: The Majlis Research Center scrutinized the policy of “curbing exchange rates” adopted by successive governments and concluded that it has harmed the economy in more ways than…
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Reservations About Future of Currency Subsidy Policy
EghtesadOnline: The government’s plans to end subsidized currency for importing basic goods will expose companies to increasingly higher working capital needs.
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Currency, Gold Pare Losses
EghtesadOnline: Foreign exchange rates on Tuesday pared most of loss incurred on Thursday and in the process lifted gold prices in the domestic market.
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Currency, Gold Pull Back
EghtesadOnline: After days of consecutive rallies, foreign exchange and gold prices dropped in Tehran on Sunday spurring a bout of selling.
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Currency Rises, Gold Slips
EghtesadOnline: Foreign exchange rates increased for the third consecutive session on Monday with the dollar quoted as high as 258,500 rials in Tehran open market.
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Currency, Gold Edge Higher
EghtesadOnline: In wake of the rising trend that started last week, the US dollar crossed above the critical 250,000 rials on Tuesday in Tehran’s open market.
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Currency, Gold Edge Higher
EghtesadOnline: In wake of the rising trend that started last week, the US dollar crossed above the critical 250,000 rials on Tuesday in Tehran’s open market.
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Parliament Tightens Law on Currency Repatriation
EghtesadOnline: Parliament on Monday passed a law that criminalizes export companies that fail to return their overseas income to the country.
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Currency, Gold Slightly Higher
EghtesadOnline: Forex and gold prices posted slight gains on Tuesday in Tehran paring some earlier losses.
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Currency, Gold Retreat in Tehran
EghtesadOnline: Forex rates declined on Monday pulling down gold prices in the Iranian market. The dollar retreated after breaking past the critical 230,000 rial at the start of trading week…
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Currency and Gold Climb in Iran
EghtesadOnline: Currency and gold prices increased on Monday contrary to expectations of the Central Bank of Iran that rates will decline as the Iran nuclear talks in Vienna make progress.
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Iran's CB: Decline in Forex Rates Linked to ‘Positive Expectations’
EghtesadOnline: The possibility of removing banking sanctions and unfreezing billions in forex assets in foreign banks are the main reason behind the sharp decline in currency prices in recent…