Forex
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$1.1 Billion Given for Medicine Import in Q1
EghtesadOnline: Forex was allocated in the framework of government policy to control the high and rising price of medicine and as a part of plans to spend $3.5 billion for pharmaceutical imports…
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CBI Changes Rules for Forex Accounts
EghtesadOnline: Buyers of the so-called “cheaper” currency must have a forex bank account with domestic financial institutions for moneychangers to transfer the sum only to those accounts.
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CBI Limits Forex Purchase
EghtesadOnline: The US dollar was quoted at 518,000 rials on Monday in Tehran's open market, 3% lower on the previous day.
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Iran Buys More Russian Wheat Despite Forex Payment Issues
EghtesadOnline: Iran’s state procurement agency, the Government Trading Corporation, reportedly purchased several hundred thousand tons of Russian milling wheat last week for April and May shipment.
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Call for Boosting Interest Rate to Curb Forex Crisis
EghtesadOnline: The rising value of foreign exchange against the rial has been a cause for serious concern in recent months.
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Senior Gov’t Officials Talk Runaway Forex/Gold Prices
EghtesadOnline: First Vice-President Abbas Mokhber, Economy Minister Ehsan Khandouzi and the Governor of the Central Bank of Iran Mohammad Reza Farzin went to the Majlis on Saturday to brief…
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New Center for Forex and Gold Is Launched
EghtesadOnline: Forex and bullion rates in the center will be the function of demand and supply mechanism plus key economic indicators, the CBI boss has said.
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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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Access to Blocked Forex Assets: CBI
CBI boss: We held constructive talks with our trading partners in recent weeks, including in Qatar, the United Arab Emirates, China and Iraq. As a result a big part of our frozen assets became…
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CBI Says Trying to Restrain Forex Rates as Rial Tumbles
EghtesadOnline: CBI Says Trying to Restrain Forex Rates as Rial TumblesCBI Says Trying to Restrain Forex Rates as Rial Tumbles.
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Industry Ministry, CBI to Boost Forex, Trade Coop
EghtesadOnline: A memorandum of understanding on forex and trade support was signed Monday between the Central Bank of Iran Governor Ali Salehabadi and Industry Minister Reza Fatemi Amin.
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ran's CB Boss Says Will ‘Continue Supplying’ Currency Market
EghtesadOnline: Forex reserves are in a relatively better shape and supply to the secondary currency market, known as Nima, has improved considerably, the governor of the Central Bank of Iran…
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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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Forex, Gold Prices Higher
EghtesadOnline: Forex and gold prices increased again in Tehran’s free market on Monday amid renewed diplomatic efforts to revive the landmark Iran nuclear deal.
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Dollar Climbs 1.5%
EghtesadOnline: Forex rates saw big swings in the past two sessions in the unofficial currency market in Tehran with prices moving up on Sunday.
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Forex Down, Gold Sends Mixed Signals
EghtesadOnline: After a brief rally in the session before, foreign exchange rates retreated on Wednesday in Tehran’s unofficial market.
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Forex Falls With Gold
EghtesadOnline: After a short-lived rally a session earlier, currency prices paused Monday dragging down prices in the domestic bullion market.
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Forex Fall Continues in Tehran Market
EghtesadOnline: Foreign exchange rates fell again on Thursday in Tehran amid optimism among traders over the outcome of the ongoing talks between Iran and world powers in Vienna to restore the…
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Petrochem Firms Are Pioneers in Forex Income, Industry Chief Says
EghtesadOnline: Petrochemical companies are in the lead in generating foreign currency revenue at a time when Iran’s economy is under US sanctions and struggling with forex shortages.
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Businesses Concerned About Liquidity Crunch After Lifting of Forex Subsidies
EghtesadOnline: The reported government move to eliminate forex subsidies for import of basic goods would pose importers with new liquidity problems, businesspeople say.
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Decline Extends in Forex, Gold Prices
EghtesadOnline: Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains.
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Gov’t to Allocate $3.4b to Offset Impact Of Non-Subsidized Forex on Food Import
EghtesadOnline: The government has allocated 1,000 trillion rials ($3.4b) to help compensate the elimination of subsidized foreign currency in the 2022-23 budget.
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Iran's CB Boss Says New Platform Planned for Retail Forex Trade
EghtesadOnline: The Central Bank of Iran will launch an electronic trade platform to register retail demand for foreign currency, the governor Ali Salehabadi said.
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Iran's CB Says Forex Well Supplied at Nima
EghtesadOnline: Supply of foreign currency to the regulated wholesale market and the secondary forex market known as Nima increased in the current fiscal year (started March), an official with…
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Stalled Nuclear Talks Push Up Forex, Gold to 14-Month High
EghtesadOnline: The currency market in Tehran was highly volatile on Saturday, apparently riven by negative political developments that sent forex and gold prices to the highest in past 14 months.
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Iran: Ending Forex Subsidy Policy Is Put on Hold
EghtesadOnline: The government has delayed the plan to eliminate forex subsidies for basic goods, the Economy Minister Ehsan Khandouzi said.
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TCCIM Boss Decries Forex Subsidy Policy
EghtesadOnline: The head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM,) Masoud Khansari, said the government policy of subsidizing foreign currency is partly responsible…
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MP Disputes Reports on Ending Forex Subsidies
EghtesadOnline: The government proposal to put an end to subsidized forex currency in essence means it wants the Majlis to accept allocation of more cheap currency, a lawmaker says.
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Forex Subsidy Policy Stays, for Now
EghtesadOnline: The government's plan to eliminate forex subsidies will not be implemented this month despite insistence from several quarters.