Forex

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.

CBI governor:

Oil forex revenues to be used for necessity goods import

TEHRAN, Jan. 06 (MNA) – Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods.

Iran’s trade balance turns positive in nine months

TEHRAN, Jan. 05 (MNA) – Despite US reimposition of sanctions on Iran, trade balance in the country in the nine months of the current Iranian calendar year (March 21 – Dec. 21) turned positive.

CBI reports measures taken for controlling forex market to top authorities

TEHRAN, Dec. 23 (MNA) – The Central Bank of Iran (CBI) reported the measures it has taken so far for controlling foreign exchange market to the Supreme Council of Economic Coordination, chaired by President Rouhani.

CBI calls on banks, exchange shops to buy ordinary people’s dollars

TEHRAN, Dec. 12 (MNA) – As the prices of foreign currencies against that Iranian rial continued to fall on Wednesday, the Central Bank of Iran (CBI) called on state banks and exchange shops to buy the US dollars that people offered to sell in the free market to avoid further depreciation of their properties.

Judiciary Chief says enemies unable to disturb economy through sanctions

TEHRAN, Oct. 22 (MNA) –Iranian Judiciary Chief Ayatollah Sadegh Amoli Larijani has said that the legal apparatus will seriously fight against enemy-backed forex dealers who seek to create problems for the economy.

Iranian oil has found new clients: VP Jahangiri

TEHRAN, Oct. 14 (MNA) – First Vice-President Es’hagh Jahangiri said Sun. that although some countries have stopped importing Iranian oil due to impending US sanctions, Iran has found new clients for its oil.

Rouhani agrees with 35% discount exchange rate for Arbaeen pilgrims

TEHRAN, Oct. 13 (MNA) – President Hassan Rouhani agreed with the suggestion of the Central Bank for a 35% discount out of NIMA System exchange rate for Arba’een pilgrims.

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.

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.

Iran removes limit on gold, foreign currency imports

TEHRAN, Sep. 20 (MNA) – The Central Bank of Iran (CBI) has eased currency rules and ordered the customs to allow merchants to bring foreign currency banknotes or gold into the country in a bid to curb further depreciation of the rial.

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.

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.

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.

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.