Foreign Currency

TPOI urges IRICA to modify nonoil exports stats

TEHRAN, Jan. 26 (MNA) – Acting Head of Trade Promotion Organization of Iran (TPOI) and Deputy Minister of Industry, Mine and Trade Mohammadreza Modoudi called for the Islamic Republic of Iran Customs Administration (IRICA) to modify and amend nonoil exports statistics officially.

By Haniyeh Sadat Jafariyeh

Currency reconversion not a turning point in economic reformation

TEHRAN, Jan. 09 (MNA) – One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes.

Intelligence Ministry makes 25 arrests for economic corruption

TEHRAN, Jan. 07 (MNA) – Intelligence Ministry’s forces have arrested 25 members of two criminal networks that had infiltrated into the banking and foreign currency system of the country.

CBI seeks to slice four zeros off currency: Hemmati

TEHRAN, Jan. 06 (MNA) – The Central Bank of Iran (CBI) is looking to take four zeros off the national currency in a bid to curb the rising tide of liquidity and help the rial regain part of its lost value, an MP quoted the CBI governor as saying on Sunday.

Intelligence forces dismantle corruption ring

TEHRAN, Dec. 31 (MNA) – Intelligence forces in Kurdistan province have dismantled a criminal ring involved in taking advantage of government's foreign currency reserves, according to a statement by Intelligence Ministry on Monday.

Intelligence Ministry dismantles criminal network

TEHRAN, Dec. 25 (MNA) – Intelligence Ministry’s forces have arrested 17 members of a criminal network that had infiltrated into the banking and foreign currency system of the country.

Iranians’ international trips down by half in 2018

TEHRAN, Dec. 15 (MNA) – The number of Iranians travelling abroad dropped from over 10 million last year to nearly 5 million in the first seven months of the current Iranian year (Mar. 21 – Oct. 22), according to deputy director of tourism organization.

Health Ministry official:

Govt. supplies enough foreign currency to medicine, medical equipment

TEHRAN, Dec. 01 (MNA) – The head of Food and Drug Administration says that the government has so far provided enough foreign currency to import medical needs and there is currently no problem in allocating foreign currency to that sector.

Iran, Afghanistan hold talks on easing foreign currency return

TEHRAN, Oct. 27 (MNA) – Iran and Afghanistan have held talks to build banking ties and expand commerce between the two countries, with a focus on facilitating the return of foreign currency from exports into the Islamic Republic.

196 suspects detained over foreign currency crimes

TEHRAN, Oct. 14 (MNA) – The spokesman of Iran’s judiciary Gholamhossein Mohseni-Eje’i announced that 196 suspects have been detained in the capital city of Tehran in the past days over smuggling and corruption in foreign currency market.

CBI head says major part of US sanctions rendered ‘ineffective’

TEHRAN, Oct. 09 (MNA) – Governor of Central Bank of Iran Abdolnaser Hemmati said a major part of US economic sanctions against Tehran has been rendered ineffective due to CBI’s efforts and policies.

Jahangiri told Parl.:

Dollar-to-rial rate falling

TEHRAN, Oct. 03 (MNA) – The Iranian first vice-president Es’hagh Jahangiri assured the MPs that the decreasing trend in currency rate will continue, said Shahbaz Hassanpour, a member of the budget and planning committee of the parliament.

Iran judiciary sentences 3 to death over financial crimes

TEHRAN, Sep. 30 (MNA) – The spokesman of Iran’s judiciary Mohseni-Eje’i announced Sun. that a special court tasked with fighting economic corruption in foreign currency market has given death penalties to 3 people.

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.

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.

Rouhani fails to convince Parl. on 4 out of 5 economic-related questions

TEHRAN, Aug. 28 (MNA) – Iranian lawmakers were not convinced by President Rouhani’s answers to four out of five questions about his government’s handling of the country’s economic situation.

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.

Rouhani to appear before Parl. on Aug. 28

TEHRAN, Aug. 20 (MNA) – President Hassan Rouhani would appear before parliament on Aug. 28 to answer questions on his government's handling of the country’s economic situation, spokesman for the parliament’s presiding board said Monday.

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.

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.

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.

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.

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.

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.