Forex Rate
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Proposed Rise in Forex Rate for Essential Goods Import Censured
EghtesadOnline: The abolition of the 42,000 rials per dollar exchange rate for the import of essential goods recently approved by Majlis Joint Commission is bound to increase inflation, says…
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Gold Market Retreats
EghtesadOnline: Gold prices in Iran slipped on Thursday influenced more from trends in international markets than domestic forex rates.
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Impact of Forex Rate Volatility on Prices
EghtesadOnline: Over the past decade, goods and services in Iran suffered at least two bouts of price shocks following unprecedented volatility in the currency market due to foreign economic…
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$2.8b of Non-Oil Export Revenues Sold in Iran's Secondary Forex Market
EghtesadOnline: Figures from the Central Bank of Iran show that foreign currency revenues from non-oil exports from August 7 to October 3 through Nima–the Integrated Forex Deals System launched…
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Iran Auto Importers Warned Against Price Gouging
EghtesadOnline: Iranian auto importers, who had brought vehicles into the country when the open market forex rate was significantly lower than the current average of 95,000 rials per US dollar,…
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Seif Says Forex Rate Unification Underway, Exact Timetable Unclear
EghtesadOnline: The gradual move toward unifying foreign exchange rates has started but the timeframe for its realization depends on a variety of factors, says the governor of the Central Bank…