EghtesadOnline: Forex was allocated in the framework of government policy to control the high and rising price of medicine and as a part of plans to spend $3.5 billion for pharmaceutical imports this year.
EghtesadOnline: Buyers of the so-called “cheaper” currency must have a forex bank account with domestic financial institutions for moneychangers to transfer the sum only to those accounts.
EghtesadOnline: The US dollar was quoted at 518,000 rials on Monday in Tehran's open market, 3% lower on the previous day.
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.