Foreign Currency

CBI governor:

Iran ditches USD transactions with Russia, Turkey

TEHRAN, Sep. 25 (MNA) – Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that Islamic Republic of Iran sidelined US dollar transactions with Russia and Turkey.

Central bank chief says forex market stable despite increasing US pressures

TEHRAN, Sep. 09 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has said that despite the continuation of US ‘Maximum Pressure’ campaign, Iran’s foreign currencies market is stable.

Economy returning to normalcy as a result of CBI proper measures: Hemmati

TEHRAN, Aug. 31 (MNA) – Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum.

Intelligence Ministry dismantles network of foreign currency saboteurs

TEHRAN, Jul. 31 (MNA) – Iran’s Intelligence forces have identified and dismantled the network of economic saboteurs in the southern province of Hormozgan.

Pres. Rouhani urges for intensifying efforts against smuggling of goods, forex

TEHRAN, Jul. 23 (MNA) – President Rouhani described more effort in fighting goods and currency smuggling essential for improving production conditions in the country, and stressed that all technical tools like start-ups must be used for controlling and fighting goods and currency smuggling.

Non-oil exports can meet Iran’s foreign exchange demands

TEHRAN, Jul. 07 (MNA) – An official in charge of banking system of the country said on Sunday that export of non-oil commodities can meet foreign currency needed in the country.

Turning away from USD: Russia, EU mull inclusion of national currencies in trades

TEHRAN, Jun. 16 (MNA) – Moscow and Brussels are keen on quickly extending the use of the ruble and the euro to bilateral payments, says the Russian Finance Minister Anton Siluanov.

Foreign currencies lose more value against Iranain rail

TEHRAN, May 20 (MNA) – The Iranian local currency the rial has regained almost 10% of its value against foreign currencies, especially the US dollar over the past few days.

Joining FATF not to help decrease currency rate: MP

TEHRAN, Apr. 19 (MNA) – A member the Iranian Parliament said joining the Financial Action Task Force (FATF) cannot lower the price of the foreign currency, noting that currency market fluctuations are 'more domestic'.

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.