Forex

FM Zarif:

Iran’s FOREX resources in S Korea should be released rapidly

TEHRAN, Jan. 11 (MNA) – Iranian Foreign Minister Mohammad Javad Zarif said that country’s foreign exchange resources with South Korean banks should be released rapidly.

The use of Forex signals for fundamental trading

TEHRAN, Nov. 23 (MNA) – Forex signals are a great guide and help to those traders who use the scalping technique

New decisions made about forex supply, exports & imports

TEHRAN, Oct. 21 (MNA) – Parliament Speaker announced that the body has made new decisions about the swap of goods, supply of foreign exchange as well as improving imports and export procedures.

Iran not to witness economic collapse: Rouhani

TEHRAN, Jul. 05 (MNA) – Underling the ability of the CBI in controlling forex rates and in the fight against enemies' psychological warfare, the Iranian President assured on Sunday that the country's economy will not collapse.

MPs start process of questioning Rouhani for eco. situation

TEHRAN, Jul. 05 (MNA) – The text of questioning Iranian President Hassan Rouhani on the main reasons behind irregularities and turmoil in FOREX, car and housing markets was released on five pivots.

Forex market's shock transient: Rouhani

TEHRAN, Jun. 23 (MNA) – Iranian President Hassan Rouhani in his Tuesday remarks named the unprecedented rial depreciation and the rampant inflation in the domestic foreign currency market as "temporary" and "without any fundamental economic reason".

4mn tons of basic goods ready for import in coming days: Pres. Rouhani

TEHRAN, Apr. 02 (MNA) – Iranian President Hassan Rouhani said Thu. that 4 million tons of basic goods that were held up at customs will be discharged for import in the coming days.

Parl. proposes to withdraw $2-$3bn out of NDF to combat ‘coronavirus’

TEHRAN, Mar. 09 (MNA) – In a joint session held between Parliament Speaker Ali Larijani and Minister of Health Saeed Namaki withdrawing $2 to $3 billion from the Foreign Exchange Reserve Fund (ّFOREX)was proposed to combat coronavirus, also known as COVID-19, in the country.

Iran has established unsanctionable intl. banking ties: Hemmati

TEHRAN, Feb. 27 (MNA) – The governor of the Central Bank of Iran (CBI) announced that the country has created international banking ties which are neither sanctionable nor FATF-reliant.

Nobakht:

Basic goods imports still on official exchange rate for next year

TEHRAN, Nov. 24 (MNA) – Head of Plan and Budget Organization of Iran said Sunday that the country’s budget for the next fiscal year still defines the official exchange rate of 4200 tomans to $1 for the import of basic and staple goods.

CBI governor:

Iran's FOREX reserves increase last year

TEHRAN, Oct. 12 (MNA) – Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that foreign exchange reserves of the country increased in the past year (ended March 20, 2019).

Iranian petchem co. cuts forex costs by 70%

TEHRAN, Sep. 02 (MNA) – The CEO of an Iranian petrochemical plant said that the company had saved 70% of its expenses in foreign currencies after overhaul of 22 of its units.

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.

Petchem exports exceeded $11bn in 2018, says oil min. Zanganeh

TEHRAN, Aug. 25 (MNA) – Iran’s export of petrochemical products exceeded $11 billion last year, according to Minister of Petroleum Bijan Zanganeh speaking at a Parliament session on Sunday.

Official inauguration of integrated forex market postponed

TEHRAN, Aug. 05 (MNA) – Central Bank of Iran’s forex market will be inaugurated later than the predetermined date i.e. August 12, 2019, an official from the central bank (CBI) said on Monday.

$27.5bn of forex offered at NIMA in a year: CBI gov.

TEHRAN, Jul. 30 (MNA) – The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati announced on Tuesday that as of July 23, 2018 some $27 billion of foreign exchange has been offered at the Integrated Forex Deals System (NIMA).

CBI to launch Integrated Forex Market by mid-August

TEHRAN, Jul. 28 (MNA) – The Central Bank of Iran is planning to launch the Integrated Forex Deals System (Persian acronym for Nima) by mid-August.

Iran’s trade surplus at $12bn: CBI

TEHRAN, Jul. 21 (MNA) – Exports Department Manager of Central Bank of Iran (CBI) Samad Karimi on Sunday put the country’s trade surplus at $12 billion, saying that Iranian economy can be administered without oil revenues appropriately.

Nobakht:

Monthly inflation rate down, economic growth to improve next year

TEHRAN, Jul. 03 (MNA) – "The government managed to curb the inflation rate in the past months and according to predictions economic growth will improve in the next Iranian calendar year," Head of Plan and Budget Organization Mohammad-Bagher Nobakht said on Wednesday.

BY: Haniyeh Sadat Jafariyeh

Road from oil-reliant economy to oil free one

TEHRAN, Jun. 12 (MNA) – The US-led sanctions, imposed to squeeze Iran’s oil-reliant economy by restricting oil revenues, has made the need for moving toward a non-oil economy for Iran ever-increasing.

Regulated Forex Market to be formed by June. 21: MP

TEHRAN, May 27 (MNA) – The CBI's planned Regulated Foreign Exchange Market will be formed by the end of the present Iranian month, Khordad, (June 21, 2019), Mohammadreza Pourebrahimi, the Chairman of Iran’s Parliament Economic Committee said on Monday.

CBI not to eliminate forex management integrated system NIMA: governor

TEHRAN, May 25 (MNA) – The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati announced that the central bank is not intended to omit Iran's domestic Foreign Exchange Management Integrated System (locally known as NIMA) from domestic forex trade market.

CBI to create personal forex profile for each Iranian

TEHRAN, May 22 (MNA) – An official from the Central Bank of Iran (CBI) announced on Wednesday that the central bank plans to create a personal foreign exchange profile for each Iranian in near future.

$18.7bn of exports forex revenues returned: CBI gov.

TEHRAN, May 21 (MNA) – “As of the beginning of the present Iranian year (March 21), about $18.7 billion of foreign exchange revenues earned via non-oil exports have been returned to the country’s economy cycle,” the Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati announced on Tuesday.

Govt. urges exporters to inject forex revenues to domestic economic cycle

TEHRAN, May 07 (MNA) – Iranian deputy finance minister announced on Tuesday that the government will not levy tax exemptions for Iranian exporters who do not inject their foreign revenues back to domestic economy cycle.

CBI alloted €2bn for necessity goods, medicine since March

TEHRAN, May 05 (MNA) – The Central Bank of Iran has allotted €2 billion for the purchase of necessity goods and medicine since the start of the Iranian year on March 21.

Forex market controlled for the nth time: CBI governor

TEHRAN, Apr. 24 (MNA) – "The illusion about any instability or inflation in domestic foreign exchange market, which was constantly spoken of, is broken for the nth time by the Central Bank of Iran’s (CBI) management," the central bank governor Abdol-Naser Hemmati wrote on his Instagram on Wednesday.