EghtesadOnline: The possibility of removing banking sanctions and unfreezing billions in forex assets in foreign banks are the main reason behind the sharp decline in currency prices in recent days.
EghtesadOnline: The Central Bank of Iran is willing to reconsider official foreign exchange rates to market rates if the government offers tax exemptions to banks, the CBI governor said.
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.