Currency
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Erdoğan says increase of exchange rate not due to economic reasons
TEHRAN, Oct. 06 (MNA) – Turkey’s President Recep Tayyip Erdoğan said that the recent increase in exchange rate is not due to economic reasons.
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By: Haniyeh Sadat Jafariyeh
Reactions to rial rally in FOREX Market
TEHRAN, Oct. 06 (MNA) – Simultaneous with the decrease in foreign exchange rates and regain of rial, commencing as of Monday evening, other markets including gold, mobile phone and auto have shown a green light to the prices decline.
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By: Haniyeh Sadat Jafariyeh
After repeated record lows, rial recovers unexpectedly
TEHRAN, Oct. 03 (MNA) – Following government’s Saturday measure to grant authority to the Central Bank of Iran (CBI) to interfere in the foreign exchange market in defense of the rial, the Iranian currency started to regain incrementally.
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New CBI policies for managing currency market approved
TEHRAN, Sep. 29 (MNA) – Central Bank of Iran’s new set of policies for managing the currency market was approved on Saturday by the Supreme Council of Economic Coordination.
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CBI governor:
Iran export of nonoil commodities in 5-month period hits $19bn
TEHRAN, Sep. 22 (MNA) – Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati put the total export volume of nonoil commodities in the first five months of the current Iranian calendar year in 1397 (March 21-August 21) at more than $19 billion.
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By: Marjohn Sheikhi
Currency slump gives rise to visits from neighbors, sanctions wane visits from EU
TEHRAN, Sep. 16 (MNA) – The fall in Iran’s national currency value has attracted a new wave of visitors from neighboring countries, particularly Iraq. According to recent figures, the arrival of foreign tourists to Iran has had a 45% increase in a five-month period compared to last year.
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Intelligence Ministry prevents currency exit by arresting members of pyramid scheme company
TEHRAN, Sep. 16 (MNA) – Iran’s Intelligence Ministry issued a statement on Saturday indicating that members of a pyramid scheme company have been arrested who were trying to illegally take out currency from the country.
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CBI orders acceleration of export-related currency supply
TEHRAN, Sep. 10 (MNA) – In a directive issued by the Central Bank of Iran (CBI), supply of currency obtained from exports will accelerate.
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Iraq customs increases currency exit limit for Iran travel
TEHRAN, Sep. 10 (MNA) – Iraqi Customs put the maximum currency allowed for entering into the Islamic Republic of Iran at €10,000 or its equivalent.
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Rial regaining value against foreign currencies: CBI governor
TEHRAN, Sep. 09 (MNA) – Iranian Central Bank Governor Abdolnasser Hemmati says that with the CBI's intervention in foreign exchange market, the rising trajectory of value for Iranian national currency rial has started.
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Rouhani takes Parliament's questions over economic situation
TEHRAN, Aug. 28 (MNA) – President Hassan Rouhani is attending today’s Parliament session to answer MPs' questions on his government's handling of the country’s economic situation.
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MPs call for opening probe into CBI case
TEHRAN, Aug. 18 (MNA) – An Iranian MP said Sat. that the Parliament's Economic Commission is seeking to open a probe into the activities and performance of Central Bank of Iran (CBI) in 13 different topics, including the handling of the currency rate.
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Parliament supports government policies on currency
TEHRAN, Aug. 18 (MNA) – Parliament, and in specific the economy commission, back the new set of policies put forward by the Iranian government, said Mohammadreza Pourebrahimi, the Chairman of Iran’s Parliament Economic Committee.
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Trump after forcing Iran to negotiate: Rezaei
TEHRAN, Aug. 14 (MNA) – the Secretary of Iran's Expediency Council Mohsen Rezaei said on Tuesday that US president is trying to exert economic pressure on Iran to force Iran to come to terms with US.
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Former CBI governor must be held responsible for market rigging: MP
TEHRAN, Aug. 14 (MNA) – An Iranian MP said on Tuesday that the former CBI governor Valiollah Seif must be held liable for rigging in gold and currency markets.
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More Iraqi Kurds visit Iran as rial depreciation reduces travel costs
TEHRAN, Aug. 14 (MNA) –The depreciation of Iranian national currency 'the rial' has significantly decreased the cost of travel to Iran for Iraqi Kurds, boosting tourism in the country.
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CBI issues statement on recent developments at FOREX Market
TEHRAN, Aug. 12 (MNA) – Central Bank of Iran (CBI) on Saturday night issued a statement on the recent developments at the Foreign Exchange Market according to the government’s new currency package.
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By: Shahab Ghayoumi
CBI’s new currency package ups Tehran Stock Exchange
TEHRAN, Aug. 07 (MNA) – On the first day of implementing new policies of the Iranian Central Bank (CBI) for currency market, Iran’s stock exchange market witnessed a growth of 5000 units.
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Forex drops to 8074t/1$ in secondary currency market
TEHRAN, Aug. 07 (MNA) – Iranian petrochemical plants, major suppliers of foreign currency in the country, sold their currency as low as 80740 rials/$1 in the secondary market on Tuesday.
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CBI chief says to execute new currency plan Tue.
TEHRAN, Aug. 06 (MNA) – Governor of Central Bank of Iran, Abdolnaser Hemmati, said a new foreign currency package aimed at reigning in the currency rates will come into effect on Tuesday.
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CBI’s dismissed deputy-governor for currency arrested
TEHRAN, Aug. 05 (MNA) – the Spokesperson of the Judiciary Branch Gholamhossein Mohseni Ejei said that Seyyed Ahmad Araghchi, the recently sacked CBI’s Deputy-Governor for Currency, has been arrested.
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CBI’s new governor dismisses currency deputy
TEHRAN, Aug. 04 (MNA) – Ahmad Araghchi was dismissed on Sat. from his position as deputy head in charge of currency by the newly-appointed governor to Central Bank, Abdolnaser Hemmati.
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Judiciary system to hand down harsh punishments on economy disruptors
TEHRAN, Aug. 01 (MNA) – Mohammad Jafar Montazeri, Iran's Attorney General, said on Wednesday that Iranian judiciary system will administer the harshest punishment on economy disruptors.
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Basij ready to help government in economic war
TEHRAN, Aug. 01 (MNA) – The Commander of Iran's Basij Resistance Force Gholamhossein Gheybparvar said on Wednesday that Basij is ready to help government in solving economic issues.
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MPs praise Judiciary measures to curb economic corruption
TEHRAN, Jul. 31 (MNA) – A group of Iranian members of Parliament signed a letter to Judiciary Chief Ayatollah Sadeq Amoli Larijani, appreciating the efforts of that branch for the adopted measures regarding the fight against economic corruption.
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Tehran police chief:
35 people arrested in connection with 7 big corruption cases
TEHRAN, Jul. 31 (MNA) – Tehran Police Chief Brigadier General Hossein Rahimi said Tue. that 35 people have so far been arrested in connection with seven big corruption cases regarding gold coins, currency and automobiles.
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By: M.A. Saki
Is the government really taking steps toward transparency?
TEHRAN, Jul. 25 (MNA) – In a brave move on June 25 Telecommunications Minister Mohammad Javad Azari Jahromi revealed the names of 40 companies which had received foreign currency to import cellphones but sold them based on the price of foreign currency in the black market, which is nearly twice the official rate.
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Leader orders Pres. Rouhani to compile report on corruption
TEHRAN, Jul. 06 (MNA) – After a series of unauthorized documents were released recounting some cases of corruption in Iranian gold and currency markets, Ayatollah Khamenei ordered president to follow up the case.
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Iran’s banking chief:
Iranian govt. to let free-market trading in US dollar
TEHRAN, Jun. 25 (MNA) – The Chairman of the Central Bank of Iran (CBI) said Mon. the government has accepted 20% trading of Iranian national currency the Rial against the USD in the free market after the plunge of the Rial recently.
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Rouhani holds meeting with economic officials to discuss currency crisis
TEHRAN, Jun. 25 (MNA) – As the Iranian Rial loses more of its value against the foreign currencies, the Iranian president held a meeting Sun. with economic officials to bring the situation under control.