EghtesadOnline: The Emami benchmark gold coin gained another 1% in Tehran on Monday and was traded at close to 25 million rials ($59), a new all-time high, according to Tehran Gold and Jewelry Union’s website.
EghtesadOnline: The Central Bank of Iran's Governor Valiollah Seif answered heated questions during an appearance in the latest open session of the parliament after the government announced late Monday that it has unified foreign exchange rates and the US dollar will be offered to all at 42,000 rials in response to the worst currency crisis hitting the country in more than five years.
EghtesadOnline: Both foreign exchange and gold markets on Monday kicked off their rallies after days of relative calm, with major foreign exchange rates registering significant gains against Iran's national currency.
EghtesadOnline: Head of the Planning and Housing Economy Office at the Ministry of Roads and Housing Development discussed the short- and long-term impacts of the recent foreign exchange market volatility on the housing market.
EghtesadOnline: Fluctuations in the currency market had caused a price hike in Iran's already beleaguered housing sector, but even though foreign exchange rates have currently cooled down, they are expected to have a positive impact on the housing sector.
EghtesadOnline: The US dollar hit new highs against the rial on Monday, as the foreign exchange market continued to surprise investors and policymakers who are struggling to accept record forex rates as the new normal.
EghtesadOnline: Tehran’s foreign exchange market on Wednesday heated up again, as the rial weakened 1.1% and was quoted at 46,190 against the dollar. The greenback had backtracked slightly earlier this week, dipping below the 45,000-rial threshold, Tehran Gold and Jewelry Union’s website reported.
EghtesadOnline: Iranian people, businessmen and policymakers must accept the rise in foreign exchange rates because the country’s inflation rate has been higher than the global average as well as the rate in trading companies in recent years, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
EghtesadOnline: The export price index snapped its two-month contraction and started to grow in the fifth month of the current fiscal year (July 23-Aug. 22), according to latest statistics released by the Central Bank of Iran.
EghtesadOnline: Foreign exchange rates increased in Tehran's market on Wednesday, following the Central Bank of Iran's latest regulations concerning foreign currency offered at banks to travelers.