Foreign Currency

Former CBI officials sentenced for disrupting exchange market

TEHRAN, Oct. 16 (MNA) – The former governor of the Central Bank of Iran (CBI) and one of his deputies as well as another CBI official were sentenced to jail in Iran Sat. for "disrupting the country's foreign currency market" in 2017 and 2018.

Intelligence Ministry dismantles foreign currency saboteurs

TEHRAN, Dec. 13 (MNA) – Iran’s Intelligence forces have identified and dismantled a large network of economic saboteurs in Yazd province.

Intelligence Ministry dismantles foreign currency saboteurs

TEHRAN, Nov. 07 (MNA) – Iran’s Intelligence forces have identified and dismantled four networks of economic saboteurs in Yazd province.

Headlines of Iran’s Persian-language dailies on Oct. 21

TEHRAN, Oct. 21 (MNA) – Mehr News takes a look at the headlines of Iran’s Persian-language dailies on Wednesday, October 21.

Iran saves €1.5b foreign currency in steel industry: IMIDRO

TEHRAN, Aug. 18 (MNA) – The Deputy Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) for Planning Affairs said that the country managed to save €1.5 billion in the steel industry during 12 years.

Iran, Iraq to finalize foreign currency deal

TEHRAN, Jul. 21 – An official from the Central Bank of Iran (CBI) informed that Iraq and Iran are on the verge of finalizing a foreign currency agreement which will inundate Iran's market with several million US dollars in the near future.

Iran saves $7bn with indigenizing industries in 5yrs.: cmdr.

TEHRAN, Mar. 07 (MNA) – Khatam-al Anbiya Construction Headquarters managed to save the country more than $7 billion by localizing the equipment in some industries including oil and gas within five years, according to its commander.

Intelligence Ministry dismantles foreign currency saboteurs in NW Iran

TEHRAN, Oct. 30 (MNA) – Iran’s Intelligence forces have identified and dismantled the network of economic saboteurs in West Azarbaijan province.

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.