EURO
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Iran's CB Looking at Euro CDs
EghtesadOnline: The Central Bank of Iran said it is planning to launch euro-denominated certificate of deposit to reduce the volume of rials held by the public and downsize the money supply,…
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Dollar, Euro Higher Amid CBI Effort to Stabilize Rates
EghtesadOnline: Exchange shops in Tehran on Saturday sold the US dollar at 133,500 rials, which was up 2.7%, or 3,500 rials, compared to previous working day's close.
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Euro, Dollar Extend Gains
EghtesadOnline: Price of the US dollar rose 2.45%, or 2,950 rials, on Tuesday to reach 123,480 rials in the Tehran market.
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Departing Draghi Leaves Divided ECB to Lagarde
EghtesadOnline: Departing European Central Bank President Mario Draghi will leave a conflicting legacy after chairing his final governing council meeting on Thursday, credited with saving the…
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Draghi Backs Further Euro Integration
EghtesadOnline: The outgoing president of the European Central Bank has called on euro countries to commit to further integration in what is a controversial and divisive topic among the 19 nations.
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Iran's Foreign Trade Conducted Mainly in Euro, Yuan
EghtesadOnline: Euro and the Chinese yuan topped the Central Bank of Iran's list of subsidized currencies allocated for imports in the past 13 months, with USD at the bottom of the list.
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Forex Rates Gain in Tehran Market
EghtesadOnline: Foreign exchange rates gained on the Tehran currency market on Sunday for the first time after a period of stability with the dollar again crossing the resistance level of 140,000…
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Forex Rates Decline Continues in Tehran Market
EghtesadOnline: The currency market in Tehran stabilized further on Sunday with the USD exchange rate dropping below the support level of 140,000 rials. The greenback was traded for 138,000 rials…
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Tehran Market: Euro and USD Keep Climbing
EghtesadOnline: Foreign exchange rates were again defiant and continued to climb on Tuesday with the US dollar surpassing the all-time high of 160,000 rials.
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US Dollar Abolished From Iran-Iraq Trade
EghtesadOnline: The US dollar has been completely eliminated from trade deals conducted between Iran and Iraq due to US sanctions and the neighboring countries have shifted toward the euro and…
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Turkey Ready to Trade With Iran in National Currencies
EghtesadOnline: Turkish President Recep Tayyip Erdogan announced Ankara’s readiness to refuse dollars and euros in the country’s trade with partners, including Iran.
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Iran, Russia Dealing in Local Currencies, Euro
EghtesadOnline: Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce…
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Dollar, yen gain as investors seek safety from Italy turmoil
EghtesadOnline: Investors piled into safe-haven bets on Tuesday as political turmoil in Italy sparked fears of another euro crisis, driving up the Japanese yen and pushing the U.S. dollar to…
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Worsening Italian crisis batters European markets
EghtesadOnline: A worsening political crisis in Italy provoked a second day of selling on European markets, with the euro cut to an 11-month low, stocks punished and short-term borrowing costs…
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Oil sinks while stocks gain on North Korea, euro shaken by Italy
EghtesadOnline: U.S. oil futures sank to six-week lows on Monday on expectations that major producers may raise output, while Asian stocks and U.S. share futures gained on signs the United States…
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Erdogan calls on Turks to convert dollar, euros into lira
EghtesadOnline: Turkish President Tayyip Erdogan called on Turks on Saturday to convert their dollar and euro savings into lira, as he sought to bolster the ailing currency which has lost some…
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Euro/Swiss franc at two-month lows as Italy concerns weigh
EghtesadOnline: The Swiss franc and the Japanese yen rose against the dollar on Wednesday as a wave of caution swept currency markets a day after U.S. President Donald Trump tempered optimism…
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Foreign Insurance Dealings in Euro
EghtesadOnline: Iran is determined to sideline the US dollar in its financial dealings for the past few years and the country’s insurance industry is no exemption, as it has emphasized a shift…
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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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ECB Is Said to See Scope to Wait for July to Signal End of QE
EghtesadOnline: European Central Bank policy makers see scope to wait until their July meeting to announce how they’ll end their bond-buying program, according to euro-area officials familiar…
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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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Bigger Role for Euro
EghtesadOnline: Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European…
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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 Currency Market Gearing Toward Euro
EghtesadOnline: The ban imposed by the Industries Ministry on import orders based on US currency seems to be a win for the European currency.
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Europe Stocks Halt Selloff; Dollar and Oil Fall
EghtesadOnline: European stocks advanced, poised to help draw a line under recent global equity declines, even as the region’s common currency strengthened. The dollar dropped after President…
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Treasuries Slide, Dollar Gains as Busy Week Begins
EghtesadOnline: U.S. Treasuries extended a selloff that’s taken yields to the highest since early 2014 as traders gear up for a hectic week of data and policy announcements. The dollar climbed…
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Dollar Under Pressure; Euro Steadies Before ECB
EghtesadOnline: The dollar’s miserable week continued, with the greenback slipping against most major peers as traders digest the latest comments from White House officials. The euro was steady…
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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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Euro jumps to three-week highs as risk appetite returns
EghtesadOnline: The euro consolidated gains at a three-week high on Wednesday as investors grew optimistic about the single currency’s outlook with growing doubts about the prospects of the U.S.…
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Stocks Decline Globally as Oil Slides; Euro Gains
EghtesadOnline: The risk-off mood gripping global markets showed little sign of easing as European stocks followed declines in Asia. Taking impetus from a selloff in energy commodities, the slide…