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Forex

  • EghtesadOnline: Expansion of monetary growth has again been blamed on the Central Bank of Iran’s obligation to purchase forex from the National Development Fund of Iran and settle the payment in rials, an “ill-advised method” the CBI governor says is tantamount to over borrowing from the bank at a time when NDFI currency resources at best are inaccessible.

  • EghtesadOnline: Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in check for a few sessions largely due to the intervention of the Central Bank of Iran.

  • EghtesadOnline: Currency rates experienced sharp swings on Sunday, with major currencies soaring again to new highs at the start of the trading session before retreating later.

  • EghtesadOnline: The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials after falling briefly near the critical level.

  • EghtesadOnline: The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials after falling briefly near the critical level.

  • EghtesadOnline: Major currencies continued to rise Wednesday for five successive sessions with the US dollar moving closer to 240,000 rials in Tehran’s open market but sopped near the threshold.

  • EghtesadOnline: After a concerning pattern of hikes in the price of gold and foreign currency in Tehran, both assets registered decline in Monday trade.

  • EghtesadOnline: Currency rates are rising unabated in Tehran with exchange bureaus affiliated to, and working for, the Central Bank of Iran again the increased the dollar rate by 3.65% on Sunday after the 10% rise a day earlier.

  • EghtesadOnline: The price of Emami gold coin rallied to an all-time high of 80 million rials ($410) on Sunday to post a 2.55% increase compared to Saturday's close. Forex rates also continued their mad dash.

  • EghtesadOnline: After a one-day hiatus, Tehran stocks resumed bullish trend on Monday climbing 1.24% with small cap stocks at the center of attention.