EghtesadOnline: Iran’s state procurement agency, the Government Trading Corporation, reportedly purchased several hundred thousand tons of Russian milling wheat last week for April and May shipment.
EghtesadOnline: The rising value of foreign exchange against the rial has been a cause for serious concern in recent months.
EghtesadOnline: First Vice-President Abbas Mokhber, Economy Minister Ehsan Khandouzi and the Governor of the Central Bank of Iran Mohammad Reza Farzin went to the Majlis on Saturday to brief lawmakers on the state of the forex and gold market where prices have shot up to historic highs.
EghtesadOnline: Forex and bullion rates in the center will be the function of demand and supply mechanism plus key economic indicators, the CBI boss has said.
EghtesadOnline: Foreign exchange rates jumped again on Saturday in Tehran's unofficial market to continue on the upward trajectory seen for months.
CBI boss: We held constructive talks with our trading partners in recent weeks, including in Qatar, the United Arab Emirates, China and Iraq. As a result a big part of our frozen assets became accessible.
EghtesadOnline: CBI Says Trying to Restrain Forex Rates as Rial TumblesCBI Says Trying to Restrain Forex Rates as Rial Tumbles.
EghtesadOnline: A memorandum of understanding on forex and trade support was signed Monday between the Central Bank of Iran Governor Ali Salehabadi and Industry Minister Reza Fatemi Amin.
EghtesadOnline: Forex reserves are in a relatively better shape and supply to the secondary currency market, known as Nima, has improved considerably, the governor of the Central Bank of Iran said.
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.