EghtesadOnline: The rial extended a losing streak against major currencies for the third day on Wednesday, pushing the Central Bank of Iran to intervene in the market to restore some semblance of calm.
EghtesadOnline: The sharp increase in currency rates will not change the Central Bank of Iran's approach toward the market, the CBI governor said.
EghtesadOnline: Currency rates again pushed upwards on Tuesday, amid heightened political tensions in the region, but the Central Bank of Iran was quick to announce that there is no need for anxiety.
EghtesadOnline: Due to the near permanent fluctuations in currency rates in the last two years, power purchase contracts with private electricity producers need revision, says a board member of Rudshur Power Plant in Markazi Province.
EghtesadOnline: Keeping pace with trends in the domestic currency market, Tehran stocks rallied Saturday to new peaks.
EghtesadOnline: Currency rates in Tehran’s market have been rising since last week after more than three months of relative calm.
EghtesadOnline: Currency rates and gold coin prices dropped in Tehran’s market last week.
EghtesadOnline: Traditionally influenced by domestic currency rates, Iran’s gold market has moved away and taken a different route since the past week amid soaring prices in global markets.
EghtesadOnline: Currency rates in Tehran briefly hit six-month lows since January 9 as the US dollar was traded for 111,000 rials during the mid-day trade in the open forex market on Wednesday.
EghtesadOnline: Currency rates in Tehran have been of the descending order over the past two weeks amid noticeable decline in demand and visible efforts by the Central Bank of Iran to boost the rial.