US Dollar

EU pushing to lessen Dollar dominance: report

TEHRAN, Jan. 17 (MNA) – According to reports, the European Union is pushing ahead with a detailed plan, seeking to shield the bloc from potential currency shocks by lessening the US dollar’s dominance.
2021-01-17 18:54
Rouhani calls on Muslim states to end US dollar domination

TEHRAN, Dec. 19 (MNA) – Iranian President Hassan Rouhani pointed to the potentials of Islamic countries in different economic fields, noting that measures should be adopted to put an end to the domination of the US dollar.
2019-12-19 09:58
National currency regains 21% of its value: CBI gov.

TEHRAN, Nov. 04 (MNA) – Governor of Central bank of Iran says the national Iranian currency, rial, has regained its value by 21 percent against the US dollar over the past year.
2019-11-04 14:24
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.
2019-10-30 14:29
Iran's economy recovering despite being under US sanctions: Bloomberg

TEHRAN, Oct. 25 (MNA) – A report by the Bloomberg has revealed that the US maximum pressure campaign against Iran has failed citing an IMF's projection that Iran's economy will rebound despite the sanctions.
2019-10-25 19:36
Russia exploring ways to replace dollar with euro, roubles in transactions

TEHRAN, Oct. 13 (MNA) – Russian Economy Minister Maxim Oreshkin said the country is considering alternatives to the US dollar for energy transactions and is exploring currency settlements in euros and roubles for energy exports to minimize US exposure.
2019-10-13 18:14
Russia's Rosneft ditches dollar for all new export deals: report

TEHRAN, Oct. 04 (MNA) – Russia’s top oil exporter Rosneft has set the euro as the default currency for all its new export contracts in a move to reduce vulnerability to potential US sanctions, according to a report.
2019-10-04 13:19
By: Hanif Ghaffari

Trump's defeat against the red dragon

TEHRAN, Aug. 24 (MNA) – What is certain is that US President Donald Trump has failed to take action to weaken the dollar and regulate the economic battle with Beijing. The rise of the dollar (in spite of Trump's desire) has made Washington more vulnerable to economic war with China.
2019-08-24 12:00
Iran, Iraq consider killing US dollar in bilateral trades: ambassador

TEHRAN, Aug. 09 (MNA) – In line with the efforts to boost the economic ties between Iran and Iraq, the two neighboring countries are considering ways to include local currencies in their bilateral trades to reduce reliance on US dollar, says the Iraqi ambassador to Tehran.
2019-08-09 13:28
Sanctions part of US foreign policy since beginning of Republic: Nephew

TEHRAN, Jul. 31 (MNA) – Richard Nephew, who served as the lead sanctions expert for the US team negotiating with Iran, is of the opinion that “Sanctions have been part of US foreign policy since the beginning of the Republic.”
2019-07-31 15:52
By Haniyeh Sadat Jafariyeh

May Iranian economy resuscitate from doldrums

TEHRAN, Jul. 31 (MNA) – Inflation rate (the increase in consumer prices besides those of the producer), as one the main economic indices, has skyrocketed during the past recent year, i.e. as of the US withdrawal from the JCPOA, May 8, 2018.
2019-07-31 11:58
Lawmakers reject bill on bilateral monetary pacts

TEHRAN, Jul. 30 (MNA) – Iranian lawmakers have rejected a bill proposed by the government to conclude monetary pacts with other countries to break the monopoly of the US dollar in foreign trades.
2019-07-30 11:35
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.
2019-07-23 20:11
Iran, Turkey ditched dollar for 35% of trade last year: Zarif

TEHRAN, Jul. 01 (MNA) – Iranian Foreign Minister Zarif, while stressing the dwindling power of US dollar in international transactions, said Iran and Turkey used national currencies for 35% of their bilateral trade last year.
2019-07-01 11:30
Iran raps US for using dollar as weapon

TEHRAN, Jun. 28 (MNA) – Iranian Deputy Foreign Minister for Political Affairs Seyyed Abbas Araghchi said that United States uses dollar as a weapon.
2019-06-28 10:13
Talks underway for signing bilateral monetary treaties: FM Zarif

TEHRAN, Jun. 23 (MNA) – Iranian Foreign Minister Mohammad Javad Zarif said Sunday that talks are underway with a number of countries including Turkey, Russia, and China, to sign or finalize mutual monetary treaties.
2019-06-23 12:22
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.
2019-06-16 13:08
Ditching USD, Iran’s aim in doing trade with Caspian Sea littoral states: chairman

Chairman of Iran-Russia Joint Chamber of Commerce Hadi Tizhoush Taban said that ditching US dollar is the main objective of the Islamic Republic of Iran in doing trade with the Caspian Sea littoral states.
2019-06-10 17:01
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.
2019-05-20 20:11
Iran to launch integrated foreign exchange market next week

TEHRAN, May 11 (MNA) – The Central Bank of Iran will launch its newly-devised integrated foreign exchange market next week to define the real rate of the US dollar.
2019-05-11 11:43
Former diplomat:

New US sanctions may be on dollar transfer, petchem products

TEHRAN, May 06 (MNA) – A former Iranian diplomat, Abdolreza Faraji-rad, said that the recently reported US sanctions against Iran may be on issues such as dollar transfer and the export of petrochemical products.
2019-05-06 12:40
ASEAN consider inclusion of local currencies in trades to kill US dollar

TEHRAN, Apr. 28 (MNA) – The Association of Southeast Asian Nations (ASEAN) and its East Asian partners are considering the ways to add local currencies to their financial transactions to reduce reliance on the US dollar and maybe kill it softly over time.
2019-04-28 11:33
Central bank fully controls foreign exchange market, says governor

TEHRAN, Apr. 07 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said Sun. that the enemies are constantly plotting against the country’s local currency the rial, saying in continuation of countermeasures, an organized market will be launched within two weeks to further thwart plots.
2019-04-07 17:16
By: Kamal Iranidoost

How did the Central Bank of Iran (CBI) foil foreign plots against the rial?

TEHRAN, Mar. 20 (MNA) – While in early autumn, the Iranian national currency-the rial-was plunging against the US dollar on a daily basis, the volatile foreign exchange market has been brought under control through proper measures that the Iranian central bank has taken since then.
2019-03-20 10:07
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.
2019-02-06 20:04
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.
2019-01-15 17:36
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.
2018-12-23 20:51
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.
2018-12-17 19:51
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.
2018-12-12 18:13
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.
2018-12-08 10:01