Currency

Euro, US dollar are at parity for first time in history

TEHRAN, Jul. 12 (MNA) – For the first time in 20 years, the exchange rate between the euro (EUU) and the US dollar has reached parity, meaning the two currencies are worth the same.

Deputy head of CBI:

Iran wants to trade with Russia in national currencies

TEHRAN, Apr. 01 (MNA) – Iran would like to conduct trade with Russia using the two countries' national currencies - the ruble and the toman, and agreements on this matter already exist, Iranian Central Bank Vice Governor Mohsen Karimi has said.

Brazil proposes creating single currency for Mercosur

TEHRAN, Aug. 21 (MNA) – The Brazilian Minister of Economy, Paulo Guedes, proposed the creation of a single currency for the member countries of the Southern Common Market (Mercosur).

Crisis ends in Afghanistan's currency depreciation

TEHRAN, Aug. 17 (MNA) – The value of the Afghan currency, the Afghani, fell again on Tuesday after Kabul fell to Taliban forces and the governor of the country's Central Bank escaped.

China may test digital currency with foreign visitors

TEHRAN, Apr. 19 (MNA) – China is trying to make it possible for foreign athletes and visitors to use its digital currency during the Beijing Winter Olympics in 2022, a top central bank official said on Sunday.

Iran chops off zeroes from currency, changes ‘rial’ to ‘toman’

TEHRAN, May 4 (MNA) – Iranian lawmakers approved on Monday a monetary bill to shave four zeroes off the national currency.

National currency regains 21% of its value: CBI gov.

TEHRAN, Nov. 04 (MNA) – Governor of Central bank of Iran says the national Iranian currency, rial, has regained its value by 21 percent against the US dollar over the past year.

Russia exploring ways to replace dollar with euro, roubles in transactions

TEHRAN, Oct. 13 (MNA) – Russian Economy Minister Maxim Oreshkin said the country is considering alternatives to the US dollar for energy transactions and is exploring currency settlements in euros and roubles for energy exports to minimize US exposure.

Islamic Parliament Research Center:

Iran able to make its intl. trade unsanctionable via new monetary treaties

TEHRAN, Sep. 11 (MNA) –  In its latest report titled ‘challenges of and solutions for economic prosperity in year 1398’, Iran's Islamic Parliament Research Center underscores the vitality of making new mutual or multilateral monetary contracts with international trade partners for Iran to skirt SWIFT, which operates under full supervision of the US.

Bill on national currency reconversion submitted to Parliament

TEHRAN, Aug. 21 (MNA) – Iranian President Hassan Rouhani submitted the bill on reforming monetary and banking law including ‘eliminating four zeros from national currency and national currency reconversion’ to the Parliament.

Deputy FM:

Iran’s exports value to eastern neighbors at over $5bn

TEHRAN, Jul. 21 (MNA) – Deputy Foreign Minister for Economic Affairs Gholamreza Ansari put country’s current exports value to eastern neighboring countries at over $5 to $6 billion.

Financial channel to be set up for repatriation of exports currency from Iraq

TEHRAN, May 22 (MNA) – Secretary General of Iran-Iraq Joint Chamber of Commerce Seyyed Hamid Hosseini on Wednesday announced the launch of a financial channel for repatriation of exports revenues from Iraq.