EghtesadOnline: Foreign currencies lost more ground on Monday for the second day in a row after rallying for four consecutive sessions.
EghtesadOnline: Foreign currencies gained against the rial on Monday in Tehran’s open market. The dollar climbed 15,000 rials to reach 291,000 rials, more than 5% higher compared to earlier session.
EghtesadOnline: The total value of foreign currencies sold by exporters of non-oil goods at Iran's secondary market amounted to €9.2 billion since the beginning of the current fiscal year (started March 21), €7.86 billion of which have been purchased by importers.
EghtesadOnline: As part of the latest measure to ditch the US dollar from the country's transactions, the Central Bank of Iran has removed the American currency from the list of Sanarate.ir, the website reporting the exchange rate of foreign currencies based on exchange bureaux information.
EghtesadOnline: After the temporary removal of the US dollar from Sanarate.com, the website that records the average exchange rate of foreign currencies from across the exchange bureaux, the greenback has found its way back into the online portal.
EghtesadOnline: Everyone starts looking for that single savior of economy at times of crises and this time around, the search began right after the political and social developments of the second half of last year (Sept. 23, 2017-March 20, 2018) and the exponential rise in the value of foreign currencies and gold coin.
EghtesadOnline: The Central Bank of Iran has established an exclusive online system to allocate foreign currencies at cheap government rates to innovative and knowledge-based firms in collaboration with the Presidential Office’s Department of Science and Technology.
EghtesadOnline: Two goals have been set for the recent establishment of the so-called “Secondary Forex Market”, namely meeting the country’s monetary needs through non-oil exports and setting a non-government-issued rate for foreign currencies, using negotiation as cover.
EghtesadOnline: The Central Bank of Iran’s Exports Department has sought to provide more details on the online gateway recently established for allowing members of the banking system to better trade in foreign currencies, stressing on its importance for unifying the dual foreign exchange rates.
EghtesadOnline: The Iranian banking system has established an online gateway that enables members of its interbank foreign exchange market to trade foreign currencies with higher speed and stability.