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Currency

  • EghtesadOnline: Currency trade in the secondary market, known locally as Nima, reached almost $4 billion from the beginning of the fiscal year in late March to May 9.

  • EghtesadOnline: The Economy Minister Ehsan Khandouzi said Tuesday the government is determined to take the first step towards gradually eliminating subsidized currency in this fiscal year.

  • EghtesadOnline: The Central Bank of Iran said it has made available subsidized forex ($1=42,000 rials) for medicine import upon the orders from President Ebrahim Raisi.

  • EghtesadOnline: Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal.

  • EghtesadOnline: This week’s decision by the government to tax forex trade does not include people who buy currency for personal needs, a deputy head at the Iranian National Tax Administration said.

  • EghtesadOnline: Foreign exchange rates advanced on Sunday for the second straight day in Tehran’s open market pushing up the domestic bullion market.

  • EghtesadOnline: The Governor of the Central Bank of Iran Ali Salehabadi says foreign currency revenue of the bank has increased in recent months and improved its leverage to curb volatility in the forex market.

  • EghtesadOnline: The Governor of the Central Bank of Iran Ali Salehabadi says foreign currency revenue of the bank has increased in recent months and improved its leverage to curb volatility in the forex market.

  • EghtesadOnline: The Majlis Research Center scrutinized the policy of “curbing exchange rates” adopted by successive governments and concluded that it has harmed the economy in more ways than one.

  • EghtesadOnline: The government’s plans to end subsidized currency for importing basic goods will expose companies to increasingly higher working capital needs.