EghtesadOnline: Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial Action Task Force on Iran by the weekend.
EghtesadOnline: Governor of the Central Bank of Iran said whatever the anti-money laundering Financial Action Task Force decides on February 21, the decision will not affect the currency market.
EghtesadOnline: Gold and currency prices fell in domestic market at the start of the week on Saturday as Tehran market began responding to de-escalation of political and military tensions in the region.
EghtesadOnline: Foreign exchange and gold coin prices jumped on Saturday as the trading week opened in an overcast Tehran.
EghtesadOnline: The Majlis Joint Commission has approved a proposal calling for exempting exporters of technical and engineering services and agricultural goods from currency repatriation rules.
EghtesadOnline: The Ministry of Industries has conditioned the granting of permission for export of minerals to exporting companies’ commitments to repatriate overseas earnings.
EghtesadOnline: The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials in Tehran’s open market -- the highest in the past five months.
EghtesadOnline: Currency rates and gold coin prices dropped in Tehran’s market last week.
EghtesadOnline: A weak local currency has proved to be a boon to Iran’s inbound tourists while a nemesis to its outbound tourism industry, at least twice in the past decade.
EghtesadOnline: In a comparative study the Economic Research Department of Tehran Chamber of Commerce, Industries, Mines and Agriculture has probed the experience of currency redenomination in other countries and the context within which the policies were implemented.