EghtesadOnline: Currency rates in Tehran were choppy Tuesday with the dollar near the 240,000-rial support level in the free market.
EghtesadOnline: Foreign exchange rates rose again on Tuesday with the dollar surging above the critical 250,000 rials level.
EghtesadOnline: The regulated foreign exchange market has expanded penetration with listed exchange shops as members increasing steadily, the market's head for communication department said.
EghtesadOnline: Governor of Central Bank of Iran Abdolnasser Hemmati says the regulator is steadfast in the belief that market forces should determine forex rates.
EghtesadOnline: Tehran's currency market was almost stable Monday as foreign exchange rates were unchanged. The dollar traded for 245,000 rials in the free market, posting 1,000 rials or 0.41% decline compared to Sunday's close. The currency appreciated 2.85% on Sunday but dropped 2.38% Saturday.
EghtesadOnline: The controversial plan allocating cheap foreign currency for import will continue in the next fiscal year (starting March 20).
EghtesadOnline: Foreign exchange rates were mostly increasing in the past seven days, mainly under the influence of political developments.
EghtesadOnline: Forex rates shot up in Tehran on the first day of the week. The dollar climbed to 243,000 rials on Saturday in the open market, posting 2.3% or 5,600-rial growth compared to Thursday's close.
EghtesadOnline: After a recent pattern of decline, forex and gold prices in Tehran are rising again. The dollar, which plunged to as low as 210,000 rials last Monday, climbed to 232,000 rials on Thursday gaining 4,000 rials or 1.8% compared to the earlier session.
EghtesadOnline: Forex and gold prices plunged in Tehran in the past three days amid optimism about a stronger rial in the coming weeks. The dollar plunged to five-month lows on Saturday fetching 229,000 rials – down 4.5% in one day. The greenback posted 7.5% decline compared to Wednesday's close when it bought 245,000 rials.