US Dollar

Iran, Russia ditch dollar in bilateral trade relations: Russian envoy

TEHRAN, Feb. 06 (MNA) – Russia’s Ambassador to Iran has said that Moscow and Tehran have given up the US dollar in settlement payments and planned to shift completely to national currencies, with euro to be used if there are no other options.

Industry min.:

Role of ‘rial’ to be strengthened in global exchanges

TEHRAN, Jan. 15 (MNA) – Minister of Industry, Mine and Trade Reza Rahmani said that role of Iranian ‘rial’ would be strengthened in financial exchanges with many countries in the world and this issue is of the main macro policies of the government that should be taken into serious consideration.

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.

US undermines long-term faith in dollar by imposing sanctions: Russian FM

TEHRAN, Dec. 17 (MNA) – Russian Foreign Minister Sergey Lavrov has said that Washington is undermining the dollar over the long term by imposing new sanctions not only against Russia, but against its allies as well.

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.

US behavior creates international disorder: Larijani

TEHRAN, Dec. 08 (MNA) – Iranian Parliament Speaker Ali Larijani said that the behavior of the United States has thrown the international field into disorder.

AEOI chief:

EU's trade mechanism hopefully to be launched by year end

TEHRAN, Dec. 06 (MNA) – Iran's nuclear chief Ali-Akbar Salehi said Thu. that Europe’s promised trade mechanism aimed at facilitating trade with Iran in the face of US sanctions will hopefully come into effect by the end of December.

Nemati:

Iran’s oil sales predicted at 1.5mn bpd for $54 each in 2019

TEHRAN, Dec. 03 (MNA) – Spokesman for presiding board of the Iranian Parliament said Mon. that the government has estimated the sale of 1.5 million barrels of oil per day (bpd) for the next fiscal year (starting 21 Mar. 2019).

Russia working on financial system independent from SWIFT: Putin

TEHRAN, Nov. 28 (MNA) – Russian President Vladimir Putin said that Moscow is working with its major partners to create financial systems that are not dependent on the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

Iran Central Bank chief says foreign currencies’ prices to decline further

TEHRAN, Nov. 28 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said Wed. that the declining trend of the foreign currencies’ prices against Iranian rial will continue as the Iranian exporters increase their forex supplies to official market.

CBI chief stresses need for formation of organized forex market

TEHRAN, Nov. 22 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has stressed the need for bringing the free and official markets into a one single organized market.

Concluding monetary treaties to break monopoly of US dollar

TEHRAN, Nov. 16 (MNA) – Member of Iranian Parliament Economic Commission Ahmad Anaraki Mohammadi believes that conclusion of monetary pacts with other countries can break the monopoly of US dollar.

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.

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.

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.

Arbaeen pilgrims to pay visa fees at more affordable rates

TEHRAN, Oct. 10 (MNA) – Interior Minister Abdolreza Rahmani Fazli said on Wednesday that the government will grant secondary dollar rates to pilgrims visiting the neighboring Iraq to attend the Arbaeen pilgrimage.

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.

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.

Dollar usage in bilateral trade ‘in decline’: FM Zarif

TEHRAN, Oct. 03 (MNA) – Iranian Foreign Minister Zarif said Washington’s use of the sanctions regime has decreased the dollar usage in bilateral trade, adding that as such, the role of the dollar has waned in the global financial system.

Minister: gold coin, dollar rate to drop

TEHRAN, Oct. 02 (MNA) – Interior Minister Abdolreza Rahmani Fazli said on Tuesday effective decisions have been made to alleviate the foreign currency and gold coin market.

Zarif:

Iran may withdraw from JCPOA if EU’s special mechanism doesn’t work

TEHRAN, Sep. 30 (MNA) – Iranian Foreign Minister Mohammad Javad Zarif said that Iran may pull out of the Joint Comprehensive Plan of Action (JCPOA) if Europeans’ introduced special mechanism doesn’t work.

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.

Enemies use banking system to wage economic warfare against Iran

TEHRAN, Sep. 12 (MNA) – Head of Iran's Civil Defense Organization Brigadier General Gholam Reza Jalali stressed the enemies make use of banking system to wage economic warfare against Iran, adding “the officials must consider that entering into Financial Action Task Force (FATF) will serve enemies.”

Iran, Russia, Turkey agree to ditch USD

TEHRAN, Sep. 08 (MNA) – Presidents of three countries of Iran, Russia and Turkey agreed with one another to set aside US dollar in their transactions.

By: Mudasir Sheikh

Iran’s key role in fight against America’s economic terrorism

TEHRAN, Sep. 04 (MNA) – The America’s economic terrorism against the Islamic Republic of Iran has assumed alarming proportions lately. But Iran stands unfazed. On August 20, 2018, Iran’s central bank-affiliated website took off US dollar as a standard of measuring the average rate of Iran’s most tradable currencies. In February, Iran had switched from US dollar to Euro as the official reporting currency of the nation.

Iran, Iraq agree to keep trade without US dollar

TEHRAN, Sep. 01 (MNA) – The Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Eshagh announced that Iran and Iraq have agreed to eliminate US dollar from trade transactions between the two countries.

Russia says BRICS after weakening US dollar status

TEHRAN, Aug. 28 (MNA) – Russian Deputy Foreign Minister Sergei Ryabkov told the media on Monday that the BRICS countries are determined to put an end to US dominance over global finance.