foreign exchange market
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Hemmati Blames US Plots for Steep Increase in Forex Rates
EghtesadOnline: The Governor of the Central Bank of Iran Abdolnasser Hemmati reiterated that fluctuations in the foreign exchange market is linked more to external and less to economic factors.
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Iran's CB Adjusts Cap on Future Regulated Forex Market
EghtesadOnline: With the aim to facilitate trade in the anticipated regulated foreign exchange market, the Central Bank of Iran raised the ceiling of planned daily forex trade fivefold.
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Top Council Extends Central Bank of Iran's Forex Mandate
EghtesadOnline: The Supreme Council of Economic Coordination extended the authority of the central bank governor, Abdolnasser Hemmati, for one more year to intervene and regulate the foreign…
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Iran's Regulated Forex Market a Step in the Right Direction
EghtesadOnline: A former governor of the Central Bank of Iran says the regulated foreign exchange market would be a significant step by the CBI toward a single rate currency.
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In Last Fiscal: Currency Returns Outperform
EghtesadOnline: A report by Tehran Chamber of Commerce, Industries, Mine and Agriculture shows the foreign exchange market recorded the highest return in the previous fiscal (March 2018-19) compared…
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Exporters Complain: Central Bank of Iran Policies Hinder, Not Help
EghtesadOnline: As the Central Bank of Iran struggles to stabilize the foreign exchange market – a colossal task that has long exacted energy and focus of the regulator – some argue that the…
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Iran: Gold Coin at 6-Month Low
EghtesadOnline: As stability in the foreign exchange market takes hold, gold prices are also following suit. The benchmark gold coin market dropped again on Tuesday and fetched around 33 million…
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Economists, Central Bank of Iran Discuss Roadmap
EghtesadOnline: Economic experts have commended the monetary and banking measures taken by the Central Bank of Iran to augment transparency and stability in the foreign exchange market, emphasizing…
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Iran's CB Allocates €6.8b for Imports via Secondary Currency Market
EghtesadOnline: The Central Bank of Iran said after the creation of the secondary foreign exchange market – known by its Persian name Nima – in late April, €6.8 billion was sold by it for imports.
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Central Bank of Iran Gives More Latitude to Money Changers
EghtesadOnline: The Central Bank of Iran on Wednesday allowed currency exchange houses to sell hard currency up to €5,000 to anyone wanting to buy as the bank struggles to stabilize the foreign…
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Forex, Gold Descend in Tehran Market
EghtesadOnline: The rial on Monday pared more of its losses in the open foreign exchange market and was traded at around 154,830 to the US dollar.
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Iran’s CB Allowed to Intervene in Forex Market
EghtesadOnline: The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against…
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Currency, Gold at New High in Tehran Market
EghtesadOnline: The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other major currencies as they gained considerably against the plummeting rial.…
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Forex Rally Intensifies in Tehran Market
EghtesadOnline: The foreign exchange market intensified its rally on Monday, with the rial dropping to new lows against most major currencies.
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CBI Against Market Intervention
EghtesadOnline: Central Bank of Iran's Governor Abdolnasser Hemmati said the regulator's policy under his watch continues to be non-intervention in the foreign exchange market.
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New Forex Initiative Manages to Fix Past policies
EghtesadOnline: The new forex initiative has only managed to fix major policy mistakes of the past two quarters, which is not enough to control profiteering in the foreign exchange market.
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Central Bank of Iran: Market Can Meet All Forex Needs
EghtesadOnline: The Central Bank of Iran has urged people to meet their hard currency requirements through the established foreign exchange market, which consists of banks and certified exchange…
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Iran Forex Market Welcomes Rescue Plan
EghtesadOnline: After months of volatility, the foreign exchange market has embraced a forex plan unveiled by the government on Sunday.
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Iran Housing Sector in Danger of Sliding Back Into Recession
EghtesadOnline: Iran’s housing sector will soon slide back into recession in view of ongoing volatilities in the foreign exchange market, which have rocked prices during the past few months,…
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Iran Foreign Exchange and Gold Market Volatility Subsides
EghtesadOnline: Rial rebounded on Sunday, in anticipation of Central Bank of Iran Governor Abdolnasser Hemmati's announcement of the new plan to calm forex market volatility that has seen Iranian…
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Forex Trading at 3 Rates in 3 Markets
EghtesadOnline: A third unofficial foreign exchange market has emerged, despite the government's efforts to prevent the turbulent currency market from spiraling out of control, a lawmaker warned.
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Tehran Stock Exchange to Host Forex Trading
EghtesadOnline: After the government finally decided to recognize a "secondary" foreign exchange market where the US dollar can be traded at a rate other than the official unified rate of 42,000…
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Iran Gov’t Mulling Creation of Forex Open Market
EghtesadOnline: The government has agreed to consider a business community proposal to recognize a "secondary" foreign exchange market where rates are determined by supply-demand mechanism.