rial
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New Bid to Prop Up Rial
EghtesadOnline: Heads of the three branches of government (executive, legislature and judiciary) have stressed the need and significance of working in concord to help restore calm to the currency…
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Rial Gains as Currencies Fall
EghtesadOnline: The rial added to recent gains on Sunday as major foreign currencies retreated. The dollar lost 3% at the Tehran’s open market or 9,000 rials to settle at 275,500 rials at the…
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Rial Hits Another Record Low
EghtesadOnline: The dollar advanced above the critical 280,000 rials at the start of trading week on Saturday as the national currency is tanking under a fresh bout of volatility.
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Rial Redenomination Undecided
EghtesadOnline: Lawmakers are studying a proposal by the government and the Central Bank of Iran to slash four zeros off the national currency and switch the national currency from the rial to…
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Rail Up as Forex, Gold Lose Allure
EghtesadOnline: Forex and gold prices plunged in Tehran in the past three days amid optimism about a stronger rial in the coming weeks. The dollar plunged to five-month lows on Saturday fetching…
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Iran's CB Designing Crypto-Rial
EghtesadOnline: The Central Bank of Iran is studying the issuance of “crypto-rial” as a central bank digital currency (CBDC) and a digital form of the country’s fiat money, the CBI director of…
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Rial Up, Forex and Gold Down
EghtesadOnline: The national currency pared earlier losses at the beginning of trading day on Saturday as sentiment in the forex market weakened following new measures announced by the Central…
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Rial Enters Crisis Mode
EghtesadOnline: The foreign exchange market in Iran is experiencing unprecedented highs as major currencies continue to rise against the national currency.
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Banks Notified to Adjust Forex Rates in Financial Reporting
EghtesadOnline: New exchange rates should be used by banks as the basis for converting their forex debt and assets into rial, the Central Bank of Iran said Thursday.
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Rial Gains Against Major Currencies
EghtesadOnline: Major currencies moved further from record highs reached last week and declined Sunday both in Tehran’s free market and official exchange-bureaus affiliated to the Central Bank…
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Rial Plunges to All-Time Low
EghtesadOnline: The US dollar rose again in Tehran’s free market at the close of trading week on Thursday, moving incessantly toward 300,000 rials.
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Forex Rates and Gold Back to Record Highs
EghtesadOnline: After a brief lull, currency rates again rallied against the rial on Sunday. The dollar was quoted at 273,000 rials in Tehran’s open market, up 7,000 rials, or 2%.
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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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Rial Makes a Comeback After Two Months of Historic Lows
EghtesadOnline: The national currency declined to new lows in the face of a rising dollar on Monday but later recovered partially following intervention by exchange bureaus affiliated to the…
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Dollar Rallies Above 240,000 Rials
EghtesadOnline: Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in Tehran’s open market compared to prices quoted Thursday.
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Rial Stems Losses
EghtesadOnline: The rial pares some more of its losses against the US dollar on Tuesday amid a noticeable intervention by the Central Bank of Iran.
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Rial Takes a New Dive
EghtesadOnline: The US dollar made one more leap on Saturday extending a rally that has lasted for seven successive sessions. The greenback strengthened close to 5% against the rial in Tehran’s…
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Pressure Mounts on Rial
EghtesadOnline: Major currencies again gained against the rial on Monday with the dollar soaring above the critical 230,000 rials in Tehran’s free market.
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Central Bank of Iran Lets Rial Tumble
EghtesadOnline: Selected foreign exchange bureaus affiliated to the Central Bank of Iran pushed up dollar rates above the historic 200,000 rials on Saturday.
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Rial Erases Gains
EghtesadOnline: Major foreign currencies rallied again in Tehran’s open market on Sunday with the dollar bouncing back to 202,000 rials, up 2.5% overnight.
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Rial Settles 5.6% Up
EghtesadOnline: Iran’s national currency pared more of earlier losses on Thursday, gaining 5.6% against the dollar in two days after tanking to all-time lows on Tuesday.
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Dollar Dips 4% in Tehran
EghtesadOnline: The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped in to stop further deprecation of the rial.
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Rial Bashing Continues
EghtesadOnline: Iranian rial hit new lows against major currencies on Tuesday with the US dollar breaking above the psychological 200,000 rials.
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Law Replaces Rial With Toman
EghtesadOnline: The Majlis passed a bill Monday to change the monetary unit from rail to the popularly used ‘toman’.
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Currencies Gain, Gold Slightly Lower
EghtesadOnline: Spike in foreign currency rates gained momentum on Monday after an average 3% climb a day earlier.
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Iranian Rial Revaluation Crosses One Hurdle
EghtesadOnline: The Majlis Economic Commission on Wednesday approved the provisions of a monetary bill based on which four zeros will be shaved off the national currency.
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Currency Rates Climb in Tehran for 3rd Straight Day
EghtesadOnline: The rial extended a losing streak against major currencies for the third day on Wednesday, pushing the Central Bank of Iran to intervene in the market to restore some semblance…
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Currency at New Low; Iran's CB Says Will Defend Rial
EghtesadOnline: Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial Action Task Force on Iran by the weekend.
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Dollar in Tehran at 9-Month High
EghtesadOnline: Price of the US dollar reached 141,300 rials in Tehran’s open market on Sunday, the highest in the past nine months.
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Iran's CB Discounts Effect of FATF Ruling on Forex Market
EghtesadOnline: Governor of the Central Bank of Iran said whatever the anti-money laundering Financial Action Task Force decides on February 21, the decision will not affect the currency market.