Iran Forex Rate
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Gov’t Still Pursuing Forex Rate Unification
EghtesadOnline: The government’s longstanding plan to unify Iran’s dual foreign exchange rate regime has faced several barriers, but a deputy economy minister said the plan is well and alive.
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Rise in Import Tax Revenues to Follow Hike in Forex Rate
EghtesadOnline: Majlis Research Center has forecast that the government will meet its import tax revenue target set in the 2018-19 budget, while predicting a higher foreign exchange rate and…
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Forex Rate Unification in Iran Put Off by Bullish Dollar
EghtesadOnline: With too many irons in the fire, the government and the Central Bank of Iran do not seem to be in the mood for making tough decisions, especially in the foreign exchange market.
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Majlis Backs Forex Rate Unification
EghtesadOnline: The parliament supports the implementation of the long-delayed promise to unify the country’s dual foreign exchange rates, the chairman of Majlis Economic Commission said.
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ICCIMA Assesses Forex Rate’s Impact on Imports
EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture has published a report explaining the impact of foreign exchange fluctuations on imports of raw materials, capital…
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Forex Rate Unification Needs Real Rates
EghtesadOnline: The unification of foreign exchange rates should be accompanied by setting real exchange rates, otherwise the plan will fail as in the past, the head of Iran Export Confederation…
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Dual Exchange Rate System Criticized
EghtesadOnline: The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has called for the unification of foreign exchange rates and criticized the current dual rate system.”
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USD at 100-Day Low Against the Rial
EghtesadOnline: The rial was quoted at 37,240 to the US dollar on Wednesday, gaining 0.59% against the greenback compared with Tuesday's close.
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Floating Exchange Rate Remains Ideal Choice
EghtesadOnline: When foreign exchange rates are unified, setting a fixed rate for it will be meaningless since foreign exchange rates, like any other commodity, are determined by supply and demand,…
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CBI Says Currency Fears Are Over
EghtesadOnline: The Central Bank of Iran has managed to control foreign exchange rates and promote a relative stability in the forex market despite a turbulent season that saw the rial drop to…
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Forex Rate Unification After March
EghtesadOnline: Following efforts during the current fiscal year (ending March 20) to close the gap between official and unofficial foreign exchange rates, the government will unify forex rates…
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Majlis Think Tank Recommends Floating Forex Rate
EghtesadOnline: The research arm of the Iranian Parliament has published a report on fluctuations in the foreign exchange market during the past few months, advising the Central Bank of Iran…