EghtesadOnline: The US dollar exchange rate was around 260,000 rials last March. Now it still hovers around this figure and some days it dips even lower, registering a zero percent growth.
EghtesadOnline: The Import Price Index, a relative indicator measuring the overall changes in prices of imports of merchandise into a country (using the new base year of 2016-17), stood at 1330.1 in the last Iranian year (March 2019-20) when measured in terms of the rial, registering a 295.2% increase compared with the year before.
EghtesadOnline: Prices of construction materials are pegged to the value of the US dollar but the decrease in foreign currency exchange rate won’t necessarily lead to the fall in the prices of construction materials, says Alireza Sarhadi, a housing analyst.
EghtesadOnline: Detergent prices will increase by 30-40% within the next eight to 10 days, the head of Detergent Industry Union said on Saturday.
EghtesadOnline: Gold and dollar prices declined on Sunday after posting new highs a day earlier. The half Azadi coin lost 5.82% or 5 million rials to be sold for 86 million rials. The quarter Azadi coin also lost 3.38% and was quoted at 59 million rials, Eghtesadnews reported.
EghtesadOnline: Oil prices were down 3% on Friday after Donald Trump tested positive for Covid-19 and negotiators failed to agree a US stimulus package just as rising global oil output threatens to overwhelm a weak price recovery.
EghtesadOnline: Crude oil future prices ticked higher during the mid-morning trade in Asia Friday, as the markets continued to price in a commitment from the OPEC to ensure that the members adhere to the mandated production cuts.
EghtesadOnline: Tehran stocks gained some more lost ground as angst-ridden investors started leaving the sell side, and finding share prices attractive, rushed to buy.
EghtesadOnline: Oil prices rose on Monday as a tropical storm in the Gulf of Mexico forced companies to evacuate rigs and halt production, but gains were kept in check by wider concerns about excess supply and falling fuel demand.
EghtesadOnline: The shortage and skyrocketing prices of alloy steel have scuttled over 70% of the domestic fastener sector’s production capacity, an industrialist says.