foreign currency
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Iran Attracts over $10.6 bln Foreign Capital in Current Administration’s Term: Deputy Minister
The head of Organization of Investment, Economic and Technical Assistant of Iran (OIETAI) said over $10 billion worth of foreign capital has been attracted so far during the administration of…
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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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Foreign Ministry’s Budget Down 10%
EghtesadOnline: The Foreign Ministry’s budget, when converted to foreign currency, is 10% less in the current fiscal year (2021-22) compared with that of last year (2020-21).
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Producers Under Pressure Amid Non-Clearance of Raw Materials
EghtesadOnline: The shortage of foreign currency for importing raw materials is the biggest challenge facing Iranian industries.
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Gold and Forex Make History in Tehran
EghtesadOnline: Gold and foreign currency in Tehran posted strong gains in post-holiday trading on Saturday jumping to record highs.
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Currency Appreciation Stopped In Tehran Market
EghtesadOnline: The rising tide of foreign currency rates against the rial paused on Saturday after soaring to record highs last week. The slide extended to the bullion market.
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Iran’s CB Suspends ‘Currency Quota’
EghtesadOnline: The Central Bank of Iran on Wednesday temporarily suspended allocation of $2,200 or equivalent in foreign currency at relatively less rates to the people after price arbitrage…
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Gold, Forex Slide in Tehran Market
EghtesadOnline: After a concerning pattern of hikes in the price of gold and foreign currency in Tehran, both assets registered decline in Monday trade.
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Forex, Gold in Tehran Moving Up
EghtesadOnline: Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial Action Task Force on Feb 21.
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No More Subsidized Currency for Importing Eyed Eggs
EghtesadOnline: The government has discontinued the allocation of subsidized foreign currency for the import of eyed eggs, the head of Iran Fisheries Organization said.
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CBI Chief Downplays Swiss Payment Mechanism
EghtesadOnline: The Central Bank of Iran has made available $4 billion in foreign currency to importers of medicine and medical equipment in the last ten months.
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Iran: No More Subsidized Foreign Currency for Sugar Imports
EghtesadOnline: The government will no longer allocate subsidized foreign currency for sugar import, as per the letter forwarded to the Central Bank of Iran by the Ministry of Industries, Mining…
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Central Bank of Iran Insists on Export Revenue Repatriation in Foreign Currency
EghtesadOnline: Governor of the Central Bank of Iran says the government is opposed to the repatriation of export earnings in rial as it would weaken the economy.
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Iran Currency Market: FX Rates Surge Amid Rising Demand
EghtesadOnline: Currency rates surged in the open market in Iran following more than two weeks of bear market after demand for foreign currency rose amid expectations that the plunging forex…
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Iran: Forex Dips Amid Low Demand
EghtesadOnline: The foreign exchange rate in Tehran has been on a declining trajectory since the beginning of the Iranian week on Saturday, amid a noticeable decrease in demand for foreign currency.
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Nima Forex Rates Rise
EghtesadOnline: In the fiscal month to May 22, almost €2.16 billion in foreign currency was sold via the Integrated Forex Deals System, locally known as Nima, IRNA reported. In the same period…
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Iran's CB: $3b in Subsidized Forex Allotted in 2 Months
EghtesadOnline: The Central Bank of Iran supplied over $6 billion in foreign currency for importing goods in two months since the beginning of the current fiscal on March 21.
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NDFI to Pay $10 Billion in Forex Loans
EghtesadOnline: The National Development Fund of Iran, the sovereign wealth fund, plans to lend $10 billion in foreign currency for private sector projects in the current fiscal (March 2019-20).
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Iran: $46b Allocated for Imports in Outgoing Fiscal
EghtesadOnline: The acting head of Trade Promotion Organization of Iran says $46 billion in foreign currency has been allocated for imports in the current fiscal. Of this $24 billion was allocated…
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Subsidized Forex Policy Dysfunctional
EghtesadOnline: Governor of the Central Bank of Iran says the subsidized foreign currency programs for importing essential goods has failed to achieve the desired results due mainly to the dysfunction…
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€2.3b NDFI Resources for National Projects
EghtesadOnline: Lawmakers allowed the government on Sunday to withdraw €2.37 billion from the National Development Fund of Iran to be paid in foreign currency for completing national projects…
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Central Bank of Iran Closing Loopholes in Currency Allocation
EghtesadOnline: The Central Bank of Iran is going to launch a mechanism for tracking forex allocated to the import of essential goods to ensure importers fulfill their commitments for which they…
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Central Bank Eases Currency Rules for Foreign Trade
EghtesadOnline: The Central Bank of Iran is ready to buy at negotiated rates the foreign currency of exporters whose earnings are blocked in other countries due to the US sanctions, says the…
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Iran's Central Bank Announces New Rules for Forex Trade
EghtesadOnline: The Central Bank of Iran in a directive on Saturday announced rules and regulations for selling and buying foreign currency of export earnings at authorized exchange bureaus.
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Iran's CB: New Route to Help Meet Currency Needs
EghtesadOnline: Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says…
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IRICA: Gold, Forex Imports Not Smuggling
EghtesadOnline: The import of foreign currency does not amount to smuggling and their import, as well as those of gold, is permitted without restriction, a directive issued to all customs offices…
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Iran - List of Subsidized Imports Gets Longer
EghtesadOnline: Seventy-five new items have been included among essential goods that can be imported by receiving foreign currency at the subsidized rate.
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Surcharge on Forex Rate Difference “Illegal”
EghtesadOnline: The retrospective application of Clause Five of the government’s new foreign currency on imports is against the law, the chairman of the parliamentary faction focused on fighting…
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Gold Coin Gains in Tehran Market
EghtesadOnline: The benchmark Bahar Azadi gold coin gained on Tuesday, as both gold and foreign currency markets await greater stability in the wake of the government's rescue package that was…
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Iran: Airfares Skyrocket in Wake of Forex Crisis
EghtesadOnline: The Civil Aviation Organization of Iran issued a directive on Thursday, saying that the foreign currency needed by airlines to finance their ongoing operations would be determined…